Neville Neville bowed his head as the woman foreman delivered the verdict after the jury deliberated for just under 75 minutes.
He then breathed a sigh of relief and looked upwards before he mouthed "Thank you" in the direction of the jury.
After he was told he could leave the dock, he stepped out and hugged his legal team.
More top news
A former police officer is due to be sentenced for secretly filming his sexual encounters with seven women on a mobile phone.
A man who tormented restaurant staff at Manchester restaurants with lewd and aggressive behaviour has been banned from the city centre.
Almost 100 safety incidents were reported to government over the last three years, Tynwald hears.