Stott, who is expected to leave Channel 4 at the end of May after 15 years at the broadcaster, is to report to Five director of corporate affairs Sue Robertson in the newly created role. They previously worked together at Channel 4.
Robertson said Stott was joining at a ‘key stage of Five’s development’. A Five spokesman said Stott would join in early June and added that a major aspect of his role would revolve around regulatory issues.
‘It is part of the evolution of Five as a channel as we become more mainstream,’ he said.
The move comes amid speculation that BSkyB is planning to buy Five from current owners RTL and United Business Media.
Channel 4 head of corporate affairs John Newbigin is reviewing Stott’s position and is expected to make a replacement. Stott’s role at Channel 4 involves overseeing a three-strong team. A Channel 4 spokeswoman said: ‘They are looking at what jobs they can reassign. There will be a senior role but it depends on the task.’
Five regularly pulls in around 14 per cent of audience share in a market that is increasingly fragmented by digital TV.