Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

P&G raises doubts over Burt as ITV chairman

Abigail Townsend,Tim Webb
Sunday 29 February 2004 01:00 GMT
Comments

ITV's choice of chairman, former Bank of Scotland boss Sir Peter Burt, has failed to win over the UK's biggest private advertiser, consumer goods giant Procter & Gamble.

Months of speculation ended last week when ITV announced that Sir Peter would, on 15 March, become non-executive chairman of the company, formed by the merger of Granada and Carlton Communications.

But Procter & Gamble UK and Ireland, which spent more than £100m on marketing last year and is the country's second biggest advertiser, after the Government, has expressed disappointment at Sir Peter's lack of broadcasting experience.

Bernard Balderston, the associate director of UK and Irish media at the consumer goods giant, said Sir Peter's solid reputation in the City was a bonus and should help the company drive through planned cost savings.

"We will have to remain neutral about his appointment because he's such an unknown quantity," he added. "But it would have been helpful to appoint someone with previous experience in broadcasting. How he can adapt to running [ITV], which is very different to running a bank, remains to be seen."

Sir Peter, however, remained unfazed by market reservations, commenting: "As well as being there for shareholders, I'm also there to make sure that the executive board delivers value to advertisers." He added he would meet with advertisers but did not say when.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in