Media executive Doug Flynn has been tipped as the incoming chairman of APN Outdoor after last night stepping down from his role as a board director of Seven West Media.
Flynn's mooted appointment, as reported by The Australian, follows recent reports that APN owners Quadrant Private Equity are in the process of preparing for a possible $500m IPO. It is claimed that Quadrant, which paid a total $269m for the firm when it was acquired from APN News & Media, has been in discussion with several banks including UBS and Morgan Stanley.
In a statement issued yesterday Flynn said of his Seven West departure: “It has been a pleasure to work with such a talented Board and management and to have supported their commitment to delivering truly great content and an outstanding enterprise.”
Flynn is a former Chief Executive of newspaper publisher Davies Brothers Limited and following that company’s acquisition by News Corporation, Mr Flynn held several senior roles in the News Limited Group including Deputy Managing Director of News International Newspapers Ltd, Director of News International Plc, and Managing Director of News International Plc. Mr Flynn then held Chief Executive positions with Aegis Group Plc and Rentokil Initial Plc in London, before returning to Australia in 2008. He joined the Board of West Australian Newspapers in 2008 and continued as a Director of Seven West Media Limited from its formation in 2010.
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