Richard Eyre, a former ITV CEO, has announced he is stepping down from the board of the Guardian Media Group so to take on the role of Chairman over there at GCap (sitting on both boards wouldn't really work, them both competing in the radio sector, though Eyre is expected to continue advising GMG's newspaper businesses). Current GCap chairman Peter Cawdron - who was always meant to be in the job on a temporary basis - will step back to the role of deputy.
The GCap role is a return home of sorts, because Eyre ran the radio group's flagship station Capital Radio between 1991 and 1997. Commenting on the new job, he told the Guardian: "It is a very different firm from when I was at Capital before and the market circumstances are also very different. It is a different company with different challenges, but despite that there are enough similarities that make one feel a sense of familiarity about the place. There is a sense of going back to something that is known".