ITV Appoints Carolyn McCall As CEO

ITV Appoints Carolyn McCall As CEO

McCall, who has been the airline's chief executive since 2010, is now considered the overwhelming favourite to take over from Adam Crozier, who announced his decision to stand down in May. This provides broadly the same remuneration opportunity as to ITV's previous CEO.

It reported a 28 per cent drop in profit for the year to end-Sept, ending a six-year run of rises under McCall.

'I'm really pleased to be joining ITV.

"For ITV, we think the move suggests the company is comfortable with its strategic direction but her strong personal links should be helpful in several areas".

The mother-of-three - one of just seven female FTSE 100 bosses - was with easyJet for seven years after previously running the Guardian Media Group.

As of 08:25 BST, easyJet's share price had lost 0.78 percent to 1,400.00p, underperforming the broader United Kingdom market, with the benchmark FTSE 100 index having climbed into positive territory and now standing 0.41 percent higher at 7,408.50 points.

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She worked her way up in the media company after starting as a research planner and became a close ally of former Guardian editor Alan Rusbridger.

Arresting a recent decline in ad sales, improving the quality of ITV's online video offering and warding off the challenge from worldwide streaming services like Netflix will be McCall's top priorities, and a "monumental" task, said Neil Campling, an analyst at Northern Trust Capital Markets in London. On Monday, ITV said that McCall "will receive an annual salary of £900,000 [$1.2 million] and a pension allowance of 15% of salary". "McCall has understanding of the commercial side of the business". I have had an awesome seven years at EasyJet, I am so proud of what the airline and its people have achieved in that period.

The airline said last week it would establish a new airline in Austria to protect its flying rights in the European union once Britain leaves the bloc.

Bloomberg quoted Daniel Roeska and Caius Slater, analysts for Sanford C. Bernstein, as saying in a note yesterday that easyJet's next CEO must "increase focus on cost management and possible restructuring". EasyJet said it has already began the search for her successor.

EasyJet shares are down 8 percent since the Brexit vote in June 2016 after having lost about a third of their value after the referendum.

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