Appointment of Chief Financial Officer
Auckland 12 December 2016: NZME Limited (NZX:NZM, ASX:NZM) ("NZME") today announced it has appointed Mr Michael Moran as its Chief Financial Officer, such appointment to be effective in the first quarter of 2017. As CFO Mr Moran will have the responsibility for NZME’s financial and technology operations.
Mr Moran has been with NZME since June 2016 as Interim Chief Financial Officer, while continuing to hold a Partnership at Deloitte where he is responsible for assisting companies with finance function transformation and mergers and acquisitions.
Commenting on the appointment, Michael Boggs, CEO NZME, said “It is great to have someone of Mike’s calibre join the NZME Executive team. Having worked with us since June this year he will commence the role with a thorough understanding of our business, financial position and our people.”
“Mike’s extensive mergers and acquisitions, and business transformation experience is ideally suited to assist NZME achieve its near term cost management and business integration objectives and longer term strategic goals.”
Mr Moran said “I’m delighted to be joining NZME at such an exciting time for the company. My focus will be helping NZME continue to optimise the way the business operates, extracting the full synergies from its business integration, and driving the various elements of the growth strategy, including the proposed merger with Fairfax NZ.”
Originally from the UK, Michael has significant international experience having worked in Australia, Russia, China, and Malaysia before settling in New Zealand.
Mr Moran will continue in the role as NZME’s Interim Chief Financial Officer until he formally leaves the Deloitte Partnership in Q1 2017.
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NZME is a leading New Zealand media and entertainment business that reaches more than 3 million kiwis . Whether reading, listening, watching, our audience gets the content they want – where and when they want it. NZME offers advertisers a unique opportunity to access its growing audience via a fully integrated multi-platform presence. NZME is listed on the NZM Main Board (code NZM) with a foreign exempt listing on the ASX (code NZM).
Nielsen CMI, fused database: February 2016 (based on population 10 years +). Based on unduplicated weekly reach of NZME newspapers, radio stations, and monthly domestic unique audience of NZME's digital channels