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More FDs move up to CEO roles

The finance directors at Channel 4 and FTSE-250 residential property company Grainger are two of the latest to move into the chief executive roles, both making the move internally.

Grainger FD Andrew Cunningham, who also serves as deputy
CEO, takes up the CEO role having been acting CEO while Rupert Dickinson
received treatment for ill heath.

Having started his career at Deloitte Haskins and Sells in London in 1978,
becoming a partner in 1989, Cunningham joined Grainger in 1996 and was made
deputy CEO in 2002. Grainger’s board said he was the “ideal” successor to
Dickinson.

Channel 4 CEO Andy Duncan’s announcement that he will step down before the
end of 2009 has provided the golden opportunity for its finance director, Anne
Bulford, to grasp the role on an interim basis. Bulford joined Channel 4 in 2005
from her role as director of finance and business affairs at the Royal Opera
House ­ Channel 4 had just created the group FD position ­ and she effectively
replaced Channel 4’s chief executive, David Scott.

While at the Royal Opera House she also served as chair of regulator Ofcom’s
audit committee and before that spent three years as FD for television company
Carlton Productions. After 12 years at KPMG, Bulford moved into business as head
of internal audit for the BBC in the early 1990s and, in 1996, became FD for BBC
Production.

• Tesco’s UK finance director Eamonn O’Hare has joined Virgin Media as CFO,
succeeding Jerry Elliott who had only a short stint in the role before returning
to America due to ‘family health reasons’.

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