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Read this: Archie Norman to be ITV chairman

Summary: Mr Norman is credited with turning around Asda in the 1990s, before its sale to US retailing giant Wal-Mart. He will be paid an annual salary of 300,000, and will be given 1.2 million shares in ITV during the next three years - 400,000 each year. Shares in ITV were up as much as 5 during the day, closing up 3, or 1.8 pence, to 53.75p. -

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