Graf To Step Down As Chief Executive Of Trinity Mirror

Chief executive of Trinity Mirror, Philip Graf, has announced his decision to leave the company next summer.

Graf was appointed chief executive of Trinity Mirror in September 1999 and has been influential in reorganising and developing the company following the merger of Trinity plc and Mirror Group plc.

Commenting on his decision, Graf said: “After ten years as chief executive of initially Trinity and subsequently Trinity Mirror, deciding to step down was tough. I feel, however, the foundations we have laid have created a strong platform for growth and I feel that this period of notice will enable an orderly succession to take place. In the meantime, I shall continue enthusiastically to lead the team during what will be a year of considerable progress for the business.”

The company’s board has appointed a subcommittee, chaired by Sir Victor Blank, to identify a suitable successor and a further announcement will be made when a decision has been taken.

Sir Victor Blank, chairman of Trinity Mirror, added: “Philip is one of the UK’s most respected and successful media executives. His passion and understanding of the industry is unrivalled, and he has over the past three years done a tremendous job in reorganising and developing Trinity Mirror. His decision to inform the board now gives us the opportunity to look for a successor in an open and orderly manner.”

Prior to his role at Trinity Mirror, Graf spent 15 years with Trinity plc, becoming chief executive in 1993. During this time, he has been credited with developing Trinity into one of the UK’s most successful regional newspaper publishers.

Trinity Mirror: 020 7293 3000 www.trinitymirror.com

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