ITV boss Adam Crozier is to depart the UK commercial broadcaster after seven years as chief executive.
“It’s been an absolute privilege to lead the transformation of ITV over the past seven years, and I know that I will miss this great business and the people who work here,” said Crozier in a statement from the company. “However, having spent 21 years as a chief executive across four very different industries, I now feel that the time is right for me to move to the next stage of my career.”
Crozier is expected to leave the business on June 30, with his long-term successor to be announced in “due course”.
Group finance director Ian Griffiths will lead the executive team for an interim period while adding the responsibilities of chief operating officer to his remit. ITV chair Peter Bazalgette, meanwhile, will take on the executive chair role during this period.
During Crozier’s tenure, ITV secured stakes in a variety of production companies throughout the U.S. and UK, including The Voice producer Talpa Media, Gurney Productions, Leftfield Entertainment, High Noon Entertainment and Thinkfactory Media.
“Adam has been talking to me and the board for some time now about his future plans,” said Bazalgette in a statement. “He has made a fantastic contribution to ITV and the board is deeply indebted to him for his strong leadership and personal dedication in very successfully turning around the business and building a more global and diversified organisation with real scale in key creative markets around the world.”