Phil Riley, current Chief Executive of Chrysalis Radio will not be joining Global Radio following the completion of the acquisition yesterday. It was originally thought that Riley would stay on with the new group in a new role. He has been with the company for 13 years.
Riley will also be stepping down from the board of Chrysalis Group PLC. Chrysalis chief executive Richard Huntingford is also thought to be leaving the new group.
Commenting, Phil Riley said:
"I've had a tremendous time at Chrysalis, building from scratch one of the most successful radio businesses in the UK. Whilst I was offered the opportunity to join Global Radio, following much deliberation I've decided after 13 years with the Chrysalis Radio business to take a short break and then look at a number of new opportunities.
There's a very professional team at Chrysalis Radio and I'm delighted to have had the opportunity of working with many of them for over a decade and now wish them continued success under the new ownership of Global Radio."
Richard Huntingford, Chief Executive of Chrysalis Group PLC, said: "Phil has made an immense contribution to Chrysalis and should be hugely proud of what he has achieved with Chrysalis Radio. He has been an inspiring leader of his team and also a huge support to me over the years. We wish him every success in the next phase of his career."
[link=http://www.radiotoday.co.uk]RadioToday.co.uk – non-stop radio news[/link] [email protected] or call 0871 315 6 315