TSX lower as gold rally takes a breather
LONDON - STV Group PLC announced Thursday that Chairman Paul Reynolds will step down from his position by the end of 2025, with Clive Whiley appointed as Non-Executive Director and Chair Elect effective October 1, 2025.
Whiley, who previously served as non-executive Chairman of De La Rue plc, brings over four decades of experience in executive and non-executive roles across various industries. He currently holds positions as non-executive Chairman of Mothercare plc and Senior Independent Director of Griffin Mining Limited, and will join Mpac Group plc as a non-executive director on October 1.
Reynolds, who has led the Scottish broadcaster since April 2021, noted in a statement that during his tenure the company has diversified its revenue streams, with over half now coming from TV productions for national and international streamers and broadcasters.
"Demand for advertising and new shows is currently weak, in line with the UK economy," Reynolds said, adding that Whiley’s "huge experience will be very helpful in navigating through this tough period."
Whiley stated he looks forward to joining STV "as the company seeks to deliver the strategy announced earlier this year to grow the business and create value," noting the media industry is "currently undergoing a period of exceptional change."
The incoming chairman’s previous board experience includes roles at Dignity plc, Sportech plc, Grand Harbour Marina plc, and Stanley Gibbons Group plc, according to the company’s press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.