Mansfield's departure comes after shareholders complained about the post-merger structure of GCap. In May, it was reported that major investors wanted either Bernard or Mansfield to step down. The situation mirrored that of ITV after the merger of Carlton and Granada. In that instance, chairman Michael Green lost his job, while chief executive Charles Allen hung on to his. Their positions were not helped by the fact that Capital has been losing ground to archrival Magic FM this year.