HT&E, the radio and audio player, has announced a string of changes to its executive team.
The company has been reviewing its operating model and senior management needs following the sale of its out-of-home business Adshel to oOh!media in late 2018.
That review found that two existing senior group roles will no longer be needed.
Jeff Howard, HT&E CFO, and Yvette Lamont, Group General Counsel and Company Secretary, will be leaving HT&E at the end of the year.
Andrew Nye, former HT&E Group Finance Manager and more recently CFO of Adshel, has been appointed CFO of HT&E and ARN.
Michael Harvey, currently CFO/COO of ARN, will assume the COO role at ARN.
Jeremy Child, HT&E Group Taxation Manager, will see his role expanded to include the role of Company Secretary.
Ciaran Davis, CEO of HT&E, says having the right structure in place, and on-going corporate cost reduction and simplification, are of paramount importance to HT&E and ARN, to improve shareholder value.
“On behalf of the Board I want to thank Yvette and Jeff for the professional way they’ve assisted with this review and helped resolve the new model, but more importantly, for the significant contribution they’ve made to HT&E over their respective tenures, and particularly in the four years I have been CEO," he says.
“Jeff Howard has been a pivotal player at HT&E since his appointment in 2010. His strategic financial leadership and drive to pursue shareholder value creation have been invaluable as HT&E navigated a challenging period of transformation. Jeff’s expertise and advice in the reshaping of HT&E included numerous transactions such as the successful exit from the NZ radio and trans-Tasman publishing markets, the acquisitions of ARN and Adshel from Clear Channel, and the recent sale of Adshel to oOh!media.
“Most importantly Jeff has also overseen a number of important balance sheet repair and capital management initiatives which has left the Company with a strong capital structure to take the Company forward.”
Yvette Lamont has been with HT&E since 1998.
“Yvette has guided the company through some challenging periods during her successful tenure and her input has been crucial. Her in-depth industry and legal knowledge, insight and foresight ensured HT&E was well positioned for success," says Davis. "On behalf of all the previous Boards and CEOs she has worked with, I would like to thank her for her significant contribution to the business.”
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