Sharechat Logo

MediaWorks appoints oOh! Media's Anderson as CEO; CFO Chalmers moves to Spark

Tuesday 2nd August 2016

Text too small?

MediaWorks Investments has hired oOh! Media chairman Michael Anderson to lead the free-to-air broadcaster, replacing Mark Weldon who left the company in May citing the "personal cost" of the role being "too high". 

Anderson will join the Auckland-based broadcaster on Aug. 29 as chief executive and take a position on the board. He will oversee TV3 and a stable of radio stations including The Edge, MoreFM and RadioLive. Anderson joins the company as it grapples with a soft advertising market and inherits Weldon's restructure integrating the radio, TV and online businesses to become agnostic about the platform. 

"MediaWorks is a company with strong brands and a strong history in New Zealand," Anderson said in a statement. "With the global disruption in media continuing, this an excellent time to join and lead MediaWorks through a difficult but exciting period."

The broadcaster, owned by US private equity firm Oaktree Capital, generated trading earnings before interest, tax, depreciation and amortisation of $33.5 million in the 15 months ended Dec. 31, 2015, on revenue of $347.9 million. 

Weldon departed the company in May following a string of high-profile staff departures and public relations disasters, including the breach of a central bank lock-up by TV3 Newshub reporters, while director Martin Dalgliesh followed him out the door in July after New Zealand-based Jack Matthews, a former chief of TelstraSaturn, and Oaktree Capital executive Jonas Mitzschke were appointed directors in April. 

MediaWorks chief financial officer David Chalmers, who was acting CEO and tipped to be in the running for the top job, will leave the broadcaster to take on the CFO role at Spark New Zealand. 

Chalmers will take up the appointment later this year, replacing Jolie Hodson who will move to head Spark Digital unit, supporting the telecommunications company's corporate and government customers. Chalmers has previously worked in finance and management roles at iSelect, DuluxGroup and Macquarie Capital. 

"We are excited to have David join our leadership team," Spark chief executive Simon Moutter said in a statement. "He’s a talented financial executive with significant international experience."

Spark overhauled its executive team in April, which saw the departures of head of digital Tim Miles and ventures unit boss Rod Snodgrass.

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

House price inflation ticks higher as sales volumes recover
Fletcher in $31 mln dispute with ministry over Greymouth hospital
NZ dollar eases as markets fret about US-China trade talks
15th October 2019 Morning Report
CTU pressures govt for Fair Pay Agreements
NZ Rugby not ready for a seat at Sky board table
MARKET CLOSE: NZ shares gain; Sky soars on NZ Rugby deal
NZ dollar falls ahead of inflation data
F&P Healthcare shares hit record on improved guidance
Bounce in international guest nights some reprieve for slowing tourism sector

IRG See IRG research reports