Metro Media chief executive Jack Matthews and Australian Regional Publishing head Allan Browne will leave Fairfax as part of the group's massive leadership shake-up.
Fairfax Media this morning confirmed it will restructure its Australian operations and consolidate its executive leadership in a bid to simplify its business model.
As well as Matthews and Browne departing, the group will reshuffe its management structure, with Allen Williams, head of its New Zealand operations, appointed to head the group's Australian publishing media division.
In statement made on the Australian Securities Exchange this morning, the media giant announced its intention to restructure its operations here into five business division as it pushes forward with a shift in its organisational focus from print to digital.
As a result of the restructure Fairfax will have five distinct business divisions: Australian Publishing Media, Domain, Digital Ventures, Fairfax Radio and Fairfax New Zealand.
When contacted by B&T this morning, a Fairfax spokesperson said the group was not commenting on how this massive restructure will impact staff redundancies at the company.
Meanwhile, Andrew Boyle, general manager of the southern region of Fairfax New Zealand, has been appointed acting managing director of Fairfax New Zealand.
"The next phase of Fairfax’s transformation involves simplifying the organisational structure to optimise opportunities that a predominantly digital future provides," said the Fairfax statement.
"The two central elements of the new structure are the consolidation of the Australian publishing businesses to drive revenues and efficiencies, and unlocking the potential of our digital businesses," it added.
Please login with linkedin to comment
Australian fashion brand Witchery has partnered with B Corp GlamCorner as part of GlamCorner’s subscription box offering as the demand for everyday essentials soars. This partnership marks another milestone for the Australian fashion industry towards becoming more circular and introducing more paths to reduce textile waste. Customers nationally will be able to rent more of […]
The media, marketing and creative industries are being encouraged to host their own ‘Curry Club for COVID’ before 30th June to help meet the ambitious $100k target set by its organisers. Curry Club for COVID, which was conceived by long-time adtech executive Peter Bray, sales director at Impact, and is powered by industry social purpose organisation […]
The UnLtd Cup is returning for its tenth consecutive year, marking a decade of soccer shenanigans that’s raised nearly $500,000 for children’s mental health charity, KidsXpress. On July 22-23rd, 28 teams from across the industry will battle it out on the soccer field in the two-day tournament at Sydney University Sports and Fitness Centre, Darlington. […]
Australian-bred company Ultra Commerce has acquired New Zealand-based company Vesta eCommerce, a global software business providing leading product data management solutions. The recent acquisition is a significant move for the business, which is Australian born, owned, and headquartered, but has built out a global presence as it pursues rapid growth in the eCommerce market. Connecting […]
Canteen’s latest campaign features the combined talents of Director Luna Laure and creative agency Crater. The campaign strives to raise awareness for young people affected by cancer. The awareness campaign centres around Harry Barentson, who at 12 years of age found out his pregnant mum had cancer. The campaign aims to bring awareness to Canteen’s […]
In partnership with storytelling agency Enthral, AFL legend Kevin Sheedy has voiced a ‘Love Letter to Victoria’ using visuals to showcase the state’s natural beauty and culture. Victoria has been hit with the worst of the coronavirus pandemic compared with any other Aussie state, experiencing four lockdowns. Sheedy partnered with Enthral to share a love […]
Telstra’s lower-cost telco, Belong, has awarded its strategy and creative account to Howatson + White, and has reappointed OMD to its media buying account, after a competitive pitch process. Howatson + White will handle strategy, planning, creative and CRM, while former agency Clemenger will continue to have a relationship with Belong, managing PR and retail activation. […]