oOh!media Appoints New Chairman As Part Of Board Restructure

Outdoor player oOh!media has announced the appointment of a new chair and an additional independent non-executive director to support the company in delivering on its growth strategy.

Tony Faure (pictured above), a non-executive director for oOh! since November 2014, will become the chair of oOh! from today following an earlier announcement that Michael Anderson would step down from the role to enable him to take up the role of CEO of MediaWorks in New Zealand.

Anderson will remain on the board as an independent non-executive director.

Since joining oOh!’s board, Faure has served on its Remuneration and Nomination Committee, which he will remain on.

Former president of Procter and Gamble’s Global Prestige business unit, Joanne Crewes, joins oOh!’s board as an independent non-executive director, also from today.

Crewes is currently a strategic advisor to the LVMH-backed private equity firm L Catterton, a director on the UTS Industry Advisory Board, a director on the Global Advance Australia board, and a mentor and coach to various senior executives and c-suite leaders.

Brendon Cook, CEO of oOh!, said the appointments further bolstered an already strong board that has actively contributed to the business’s success.

“The diverse mix of skills the board brings will provide considerable support as we execute on our strategy,” he said.

“It is a board that consists of business leaders with proven success in audit and compliance, strategy, M&A, traditional media, digital media, disruptive innovation and technology and advertising and marketing – all of which are critical in delivering on our growth strategy.

“It will provide valuable guidance as we execute on our end-to-end digital strategy, invest in maintaining our market leadership position, continue to deliver innovative and effective solutions for advertisers, and explore growth opportunities to enhance shareholder value.”

Faure is not an independent director, given his shareholding in Junkee Media and ongoing consultancy support to Junkee, the oOh!’s board has appointed Debbie Goodin as lead independent director, also effective from today.

oOh! noted that the lead independent director can assume the role of chair when the chair is unable to act in that capacity due to unavailability or lack of independence. The position also offers an alternative point of contact for shareholders.

For good governance, oOh!media said it has prepared a non-independent chair protocol which captures Faure’s declared interests, related party transactions, and lead independent director governance protocols.

This protocol has been uploaded to the governance section of oOh!media’s investor website.

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Debbie Goodin Joanne Crewes Michael Anderson oOh!Media Tony Faure