TRINITY Mirror chief executive Sly Bailey has left the newspaper group after her departure was brought forward by six months.
The publisher of regional papers including the Journal and Evening Chronicle and nationals including the Daily Mirror and Sunday Mirror said Bailey was stepping down with immediate effect.
Bailey’s earlier-than-planned departure follows the arrival on May 29 of chairman David Grigson, who replaced former Sir Ian Gibson.
Trinity Mirror said group finance director Vijay Vaghela will take on the chief executive duties, working closely with Grigson, until a permanent successor is appointed.
Grigson said: “The company and the board are grateful to Sly for her immense contribution and leadership over nearly 10 years. Despite the deep economic downturn, the actions she has taken with her team have ensured the company has consistently delivered robust profits. We wish her well.”
Bailey said: “Newspapers are a business like no other and it’s been an absolute privilege to have led Trinity Mirror in this fascinating and all-consuming role. Everything I’ve achieved here has been underpinned and supported by the hard work, commitment and enthusiasm of our tremendous staff.”