BloombergEasyJet PLC chief executive Carolyn McCall is stepping down from the discount carrier to take up the same role at ITV PLC, the UK broadcaster that is dealing with a slowdown in advertising amid recurrent takeover speculation. McCall is to leave EasyJet around the end of the year and join ITV on Jan. 8, the companies said in separate statements yesterday. McCall, 55, took over at EasyJet in July 2010 after rising to the helm of the Guardian Media Group. Ad sales made up 47 percent of ITV’s overall revenue last year, compared with 64 percent in 2010, the year Crozier joined. At ITV, McCall will be running a company that has less revenue than EasyJet yet is more highly valued in the stock market.

Source: Taipei Times July 17, 2017 15:56 UTC