HT&E Chairman Tenders Resignation Following Adshel Sale

HT&E Chairman Tenders Resignation Following Adshel Sale

Here, There & Everywhere (HT&E) has announced that Peter Cosgrove has tendered his notice to retire as chairman and a director of the company.

Cosgrove has been on HT&E’s board for 14 years and chairman of the company for five of those years.

The resignation of Cosgrove comes just after oOh!media acquired HT&E’s outdoor media business, Adshel, for $570 million.

The board has appointed Robert Kaye as interim chairman of HT&E, who will commence his role once Cosgrove’s resignation becomes effective at the end of June.

Peter Cosgrove

Peter Cosgrove

HT&E chief executive Ciaran Davis said Cosgrove has been integral to the company’s transformation.

“Peter has led the board through a comprehensive change program at HT&E that saw the company successfully exit traditional publishing and reposition the business focusing on growth media assets,” he said.

“This strategy resulted in a fantastic sale price for Adshel and the board management team sincerely thank Peter for his considerable effort, contribution and commitment over the past 14 years.”

Commenting on his departure, Cosgrove said HT&E is at a “pivotal point”.

“The divestment of Adshel is a good result for shareholders and provides a number of strong capital management initiatives to further strengthen the business,” he said.

“In my view, the company has never been in better shape, with a strong balance sheet and the number one metropolitan radio business in the country with exceptional margins and cash generation.

“I believe now is the right time for me to step aside in an orderly manner that will allow for board renewal and a fresh approach.”




Please login with linkedin to comment

Adshel Here There & Everywhere HT&E Peter Cosgrove

Latest News

SBS Audio Campaign Tells The Stories Of New Australians, With Multilingual Content Offerings To Assist Migrants
  • Advertising
  • Campaigns

SBS Audio Campaign Tells The Stories Of New Australians, With Multilingual Content Offerings To Assist Migrants

SBS Audio has launched a new marketing campaign for its ‘Australia Explained’ service which supports new migrants to successfully navigate life in Australia and achieve a greater sense of belonging and social cohesion. SBS’s flagship service for new migrants, Australia explained, has launched a multi-platform marketing campaign that reaches into the heart of the migrant […]

Tracker App Launches, Promising Consumers A Read On Brand’s & Products Sustainability Chops
  • Advertising

Tracker App Launches, Promising Consumers A Read On Brand’s & Products Sustainability Chops

Shoppers can now get access to sustainability information at their fingertips through Tracker, a first-of-its-kind mobile app. The Tracker app centralises sustainability data into a single, easy-to-understand format, helping shoppers make informed choices about the brands and products they support. Shoppers can simply scan the barcode of their favourite supermarket, chemist or department store item […]