ARN Media Limited has announced that its Chief Executive Officer (CEO) and Managing Director, Ciaran Davis, has informed the board of his intention to step down from his role on 15 January 2026. Davis will also step down today from his role on the Board of ARN Media as Managing Director. He will be succeeded as CEO by Chief Operating Officer, Michael Stephenson.
The Board of ARN Media congratulates Davis for 16 years of strong and dynamic leadership, underpinning the company’s growth, innovation and enduring success across a rapidly evolving media landscape.
During his tenure, Davis has led the company through several transformative milestones, including the successful launch of iHeartRadio, the recruitment of high-profile presenters to
strengthen the company’s networks and the strategic execution of its divestment plan through the sale of Adshel and its stake in Soprano Design.
This evolution continues through the ongoing transformation program that is reducing the cost base while ensuring the business is digitally enabled and pursuing the most attractive opportunities.
“It has been a privilege to lead ARN Media over the past 16 years, working alongside a talented and passionate team. With a clear transformation strategy in place and an excellent successor in Michael, I believe now is the right time to step aside. I want to sincerely thank the incredible people at ARN Media I’ve had the pleasure of working with, as well as the Board, our shareholders, and clients for their ongoing support,” said Davis.
The Board has undertaken a robust succession planning process to ensure a smooth transition. Current Chief Operating Officer Michael Stephenson will assume the role of CEO following Mr Davis’s departure and will work closely with him and the Board over the coming months to ensure a seamless handover.
Stephenson is one of Australia’s most respected and accomplished media executives. He joined the company at the beginning of the year after a career spanning almost three decades across major media companies, demonstrating a consistent ability to drive profitable business growth.
Hamish McLennan, Chairman of The Board and Non-executive Director, commented: “On behalf of the Board, I would like to thank Ciaran for his outstanding leadership and commitment. Under his stewardship, ARN Media has navigated a rapidly changing media landscape and kept the company at the forefront of innovation. We are grateful for his vision and dedication.
“We are also confident that our strong succession planning ensures continuity for the business. Michael brings deep experience and understanding of our strategy and operations, as well as the broader media industry, making him the ideal candidate to drive the company forward through its next phase.”
“It is a great honour to lead ARN Media. We have the biggest stars, the best brands, a global streaming platform and an incredible team. We have a bold vision for the future and are well positioned to take advantage of a range of new and emerging opportunities that will benefit our audience, our advertisers and our shareholders,” said Stephenson.
“I would like to congratulate Ciaran for his significant contribution to our business over 16 years. We will continue to work together closely over the coming months to ensure a smooth transition.”
