STV Group PLC - Glasgow-based television broadcaster and content producer - Chief Executive Officer Simon Pitts says he will step down over the next twelve month to take up a new role beginning in the first quarter of 2025. ‘Until his departure Simon will remain focused on the delivery of the company’s strategy and targets and on ensuring the effective transition of his responsibilities,’ STV says.

The board has commenced a process to appoint a successor.

Chair Paul Reynolds says: ‘Simon has been an outstanding leader of STV over the past six years. As the architect of our diversification strategy, he has successfully led the transformation of STV from a linear broadcaster into a resilient content creation and digital streaming business with an exciting future.’

Current stock price: 190.92 pence

12-month change: down 39%

Copyright 2024 Alliance News Ltd. All Rights Reserved.