ITV CEO to Step Down as Brexit Slowdown Hits TV Advertising
- U.K. broadcaster plans to name a successor “in due course”
- Crozier built up production assets at ITV through acquisitions
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ITV Plc Chief Executive Officer Adam Crozier is stepping down after seven years, as the U.K. broadcaster shakes up its executive ranks amid a Brexit-derived advertising slowdown.
Crozier will leave on June 30 and a successor will be announced “in due course,” ITV said in a statement Wednesday. Finance Director Ian Griffiths will take on the added role of chief operating officer, and Chairman Peter Bazalgette will be executive chairman during the search.