Business Services Industry
Independent Directors in Majority on Satellite TV Firm BSkyB's Board.
Knight Ridder/Tribune Business News, June, 2004
Daily Mail, London Knight Ridder/Tribune Business News
Jun. 16--Satellite TV company BSkyB has appointed two new board members, putting independent directors in the majority.
The move is part of the reforms begun after James Murdoch, son of chairman Rupert, was named chief executive last year, despite objections by big investors. The shares rose 10 pence to 625 1/2 pence.
The newcomers are Nicholas Ferguson, chief executive of private equity firm SVG Capital, and Andy Higginson, finance and strategy chief at Tesco.
Lord St John of Fawsley, who headed Sky's nominations committee and was criticised by investors over his role in James Murdoch's appointment, is no longer listed as an independent.
He has also resigned from...
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