BusinessCorporate FinanceWait continues for TV merger FD

Wait continues for TV merger FD

It will be next week before the world knows who will be the finance director of the company that will be created from the merger between Carlton Communications and Granada.

Link: Grant Thornton to take on ITV Digital liquidation

The move will produce one of the most powerful companies in the media industry but wrangling continues over who will get the board place.

Henry Staunton, FD at Granada, and a former partner at PricewaterhouseCoopers, has been with the company since 1993 in senior positions. He is also deputy chairman of media ventures. Meanwhile Paul Murray, finance director at Carlton was formerly group FD at oil and gas giant LASMO.

Only two of the future positions have been agreed. Michael Green, currently chairman of Carlton will continue as chairman. Charles Allen, executive chairman at Granada and himself an accountant, will become chief executive.

Three non-executives from each company will join the board of the merged group. The companies refused to comment.

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