NZME chief executive Jane Hastings has resigned and will be replaced by the company’s current chief financial officer Michael Boggs.
Ms Hastings joined APN News and Media, owner of NZME in 2012 and said while it was a difficult decision to step down from her role, it was time to pursue other opportunities.
“I am extremely proud of achieving the transformation goals set for NZME and I have complete confidence in the future of the business,” she said.
“NZME is well positioned for the future with the business organised into new verticals of news, sport and entertainment, which are delivering strong audience growth and content leverage leading to new commercial revenues.
“I am confident that the momentum is there for NZME to continue to grow its audiences and expand its content-driven offering.”
Ms Hastings joined APN as chief executive of The Radio Network. From September 2014, she led the successful formation of NZME – a merger between The Radio Network and APN’s New Zealand division.
APN chief executive officer Ciaran Davis thanked Ms Hastings for her huge contribution to the success of NZME, leading the strategy and successful merger and integration program which transformed the business into an audience-centric, content-driven media and entertainment business.
“Jane successfully led the strategy and merger of NZME, which has never been done before, to result in a fully integrated content and multiplatform media business,” Mr Davis said.
“The integrated content creation and sales proposition offering clients multi-platform solutions and creating strong growth in new revenues streams is delivering commercial success.”
The announcement follows the release of APN’s full year results where the company told shareholders it was actively considering its options for NZME. The company said there was currently no sales process for NZME and APN would provide a further update at its annual general meeting in May.
Ms Hastings’ replacement, Mr Boggs, has been chief financial officer of NZME since March 2015. He has more 30 years of management, financial and commercial experience across the media, telecommunications and the insurance industries.
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