Carsguide CEO heads for the exit door

Carsguide CEO heads for the exit door

News Limited’s automotive website is to part company with CEO Michael Schreck.

B&T Magazine
Posted by B&T Magazine

Schreck, who joined the company two years ago, has led the business through its recent relaunch of the joint-venture between News Limited and a consortium of Australia’s largest car dealers.

Schreck said: “As part of our board discussions of the road that lies ahead, I reached the conclusion and advised the board that the time was right to begin a process to identify my successor, however, I look forward to working closely with the team and interim CEO to ensure a smooth transition, so that we continue to drive the business forward."

Greg Duncan, chairman of added: “The company would not be in the improved position it is in without his knowledge, relationships and hard work.”

The company said it will announce new management appointments soon.