Independent News and Media said that Jerome Kennedy is to step down from the company's board next month.

Mr Kennedy is an independent director on the INM's board.

The company said he will step down at the group's AGM next month after serving five years on the board.

INM's Chairman Leslie Buckley said the board would "like to express its sincere gratitude to Jerome for his immeasurable contribution to the company over the last five years, a period in which INM was restored to a position of financial stability". 

"His experience and guidance were invaluable during this challenging period for the business," the chairman added.