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| Archie Norman to be ITV chairman | Archie Norman to be ITV chairman |
| (10 minutes later) | |
| ITV has ended its months-long search for a new head by appointing former Asda chief executive Archie Norman as chairman from January next year. | ITV has ended its months-long search for a new head by appointing former Asda chief executive Archie Norman as chairman from January next year. |
| Mr Norman is credited with turning around Asda in the 1990s, before its sale to US retailing giant Wal-Mart. | Mr Norman is credited with turning around Asda in the 1990s, before its sale to US retailing giant Wal-Mart. |
| A number of high-profile candidates have been linked with the job in recent months, including Sir Crispin Davis, former head of publisher Reed Elsevier. | A number of high-profile candidates have been linked with the job in recent months, including Sir Crispin Davis, former head of publisher Reed Elsevier. |
| Current chairman Michael Grade will step down from ITV in January. | Current chairman Michael Grade will step down from ITV in January. |
| "There are few opportunities that would have tempted me back into the public company arena, but ITV is definitely one of them," Mr Norman said. | |
| "It is an irresistible challenge, a great brand, a people business with enormous talent, but facing an imperative for change: the challenge of adapting to compete in a fragmented digital media world." | |
| One of the first tasks Mr Norman will face will be to find a new chief executive for the broadcaster. |