Hazlitt, Eyre Set Exit From GCap
May 22, 2008 at 5:30 AM (PT)
CEO FRU HAZLITT and Chairman RICHARD EYRE make it official and announce their coming exit from U.K. radio operator GCAP MEDIA upon GLOBAL MEDIA's closing on the purchase of their company. HAZLITT, who has been GCAP's CEO since getting promoted from Managing Director in DECEMBER, and EYRE will leave on JUNE 6, with GLOBAL RADIO's CEO ASHLEY TABOR and Chairman CHARLES ALLEN taking the same roles at GCAP on a temporary basis as part of a deal with the OFFICE OF FAIR TRADING to keep the companies separate while the deal continues to be investigated.
While TABOR and ALLEN are running GCAP. RICHARD PARK will serve as GLOBAL's acting CEO and DON THOMSON will be acting COO.