Original article by Dominic White
The Australian Financial Review – Page: 15 & 20 : 12-May-15
Heidrick & Struggles has been hired to find a successor to Southern Cross Media Group CEO Rhys Holleran, who will step down on 31 July 2015. Non-executive chairman Peter Bush will take up the role of executive chairman until Holleran’s replacement is appointed. Bush says priorities for the new CEO will include reversing a downturn in revenue and preparing the group for potential cross-media ownership reforms.
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SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, HEIDRICK AND STRUGGLES AUSTRALIA LIMITED, APN NEWS AND MEDIA LIMITED – ASX APN, AUSTRALIAN RADIO NETWORK PTY LTD, NEWS CORP AUSTRALIA PTY LTD, 2DAY FM AUSTRALIA PTY LTD, KIIS1065, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, AUSTRALIAN LABOR PARTY, NETFLIX INCORPORATED, GOOGLE INCORPORATED, MACQUARIE GROUP LIMITED – ASX MQG