Glasgow-based media firm STV Group plc on Friday announced the appointments of Mark Hoad as an independent non-executive director of the company and chair of the Audit & Risk Committee and Raj Mody as an independent non-executive director, with effect from June 12, 2026.

On June 5, STV published an AGM trading update outlining “continued pressure in the advertising and commissioning markets.” STV Group’s share price has fallen about 70% over the past five years to around £1 to slash the firm’s stock market value to roughly £47 million.

On Friday, STV said: “Mark is an experienced listed company executive and non-executive director, most recently serving as a Non-Executive Director and Audit Committee Chair of De La Rue plc during a period of significant strategic and transformational change.

“Prior to this, he was Chief Financial Officer of TT Electronics plc and previously Group Finance Director of BBA Aviation plc.

“Earlier in his career, Mark held a number of international finance and corporate finance roles at RMC Group plc, including CFO of Adelaide Brighton Ltd, an ASX-listed subsidiary in Australia.

“Raj spent 19 years as a Partner at PwC, including serving as Global Head of Pensions, advising FTSE 100 and Fortune 500 companies across a range of sectors.

“He was also Founder and CEO of pensions technology business Skyval. He currently is Chair of the Smart Pension Master Trust and an Independent External Expert on a Management Board for the OECD. He is also a Trustee of the Royal Air Force Charitable Trust.”

STV chairman Clive Whiley said: “We are delighted to welcome Mark and Raj to the Board. Mark’s substantial plc experience, strong financial expertise, and proven track record in strategic and operational transformation together with Raj’s extensive experience in pensions, financial oversight and strategic advisory roles will bring valuable insight and perspective to the Company.”

Hoad said: “I am pleased to be joining the Board of STV Group plc at this important stage in the Company’s development and look forward to working with the Board and Leadership Team to help deliver the Group’s strategic priorities and future growth ambitions.”

Mody said: “I am delighted to be joining the Board of STV Group plc at a significant point in its strategic journey and look forward to contributing my experience to support the Company’s continued evolution and long-term success.”