FD Hockley to leave Five

finance director David Hockley is leaving the broadcaster as part of sweeping
board changes by its new owner Richard Desmond.

Hockley, who joined Five as financial controller in 1999, joins seven other
executives leaving the company as part of a cost reduction programme instigated
by Desmond’s Northern and Shell.

Hockley qualified as a chartered accountant within the audit practice of PwC,
then moved into media with the Financial Times Group in 1994.

Other departures include chief executive Dawn Airey and channel controller
Richard Woolfe. Between 60 and 80 jobs will be lost in the 300-strong

The executives will remain in their roles until 31 October to help Northern
and Shell manage the change process.

Further reading:

FD suspended amid ‘failing’ financial controls

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