Sir Anthony O'Reilly has announced he is to retire as CEO of Independent News & Media on 7 May this year. He will be succeeded by his son, Gavin, who has held the chief operating officer position for the past eight years.
Sir Anthony, 72, is the largest shareholder with 28.5% ownership of the €1.5 billion Ireland-based media company, and has led the company for the past 36 years. He said he will continue to support the company in his role as president emeritus.