News Corp Australia today announced the appointment of Stacey Brown as its new chief financial officer.
Brown, current acting CFO at News Corp Australia, replaces Susan Panuccio who was promoted to News Corp’s global financial chief in March this year.
Announcing the appointment, News Corp Australasia’s executive chairman Michael Miller, said: “Ms Brown’s in depth understanding of the company’s varied operations, combined with her extensive financial management expertise across a number of Australian corporates, ensured she would provide the requisite financial leadership and vision.
“Stacey brings an exceptional level of experience to this role as well as intricate knowledge of our diverse and complex portfolio of assets,” Miller said.
“As the acting CFO for the past four months, Stacey has repeatedly and conclusively demonstrated her astute financial and leadership skills. She has a broad range of financial and corporate expertise which will be invaluable as we continue to transform the company and our portfolio and pursue new growth opportunities.
Brown joined News Corp Australia in 2012 as general manager, finance and was promoted to deputy CFO in 2015. Prior to this she has held a number of senior financial roles across a variety of industries including CFO – Finance and Asset Management for the Lowy Family Group; Head of Group Reporting at Qantas; and Group Financial Controller, Multiplex. Stacey also worked for News from 1997 to 2004 as the Group Financial Accountant performing the global financial reporting function.
She is a member of the Australian Institute of Company Directors and the Australian Institute of Chartered Accountants.
Brown said she was proud, and excited, to take on the new role. “I am delighted to have been offered this opportunity and I look forward to working with Michael and his executive management group and the talented and hardworking finance team. “
News Corp CFO Susan Panuccio said Brown’s appointment was a well-deserved promotion and recognition of her outstanding financial and leadership skills.
“Stacey is a key member of my team and it gives me great pleasure when we can promote internally. She has the expertise and knowledge to perform this role to the highest standard. I wish her every success.”