ITV poaches Microfocus finance chief

ITV has poached a new chief finance officer from UK software company Microfocus.

Chris Kennedy will take control of ITV’s finances at a key juncture for the broadcaster, which faces competition from streaming services such as Netflix and Amazon.

In a statement, Britain’s biggest commercial broadcaster said Mr Kennedy is expected to join the company in February next year, following Ian Griffiths’ retirement. Mr Griffith’s will step down from the board in December and formally leave the company at the end of March 2019. 

Chairman Sir Peter Bazalgette said that Mr Kennedy, who prior to working Microfocus was also the CFO of Arm Holdings and easyJet and covered a number of roles at music label EMI, “was the stand out candidate” and that ITV and the board were “really pleased” he was joining and bringing his expertise to the team.

Sir Peter added: “He has a great media background from his 17 years at EMI and he has built on that as a CFO of three FTSE 100 companies.”

The ITV chief executive Carolyn McCall said Chris Kennedy “will play a huge role in helping us deliver our new More Than TV strategy and I know he will work really well with the senior leadership team of ITV.” 

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