Huntingford Reportedly Set As Exec. Chairman At Virgin Radio
September 28, 2007 at 5:38 AM (PT)
SMG, the Scottish TV and radio group, is expected to announce the appointment of RICHARD HUNTINGFORD as Executive Chairman of VIRGIN RADIO today and say there is no plan for an autumn float of the radio business, The TIMES of LONDON reports.
The apointment is a U-turn in strategy because SMG has been talking to headhunters for the past two weeks about finding a new CEO to lead an IPO, following the departure of PAUL JACKSON.
SMG, which announces half-year results today, is understood to have decided earlier this week that HUNTINGFORD, VIRGIN RADIO’s nonexecutive chairman, who is a former CEO of CHRYSALIS GROUP would be well placed to run the business. He will now assume a full-time position and be responsible for the day-to-day running of VIRGIN RADIO.