AUS
NZ
UK
CA
USA
IND
_10_04_2024_16_38_50_427275.jpg)
Highlights
- oOh!media CEO Cathy O’Connor to step down later this year
- Leadership transition process already underway
- Company outlines focus on next strategic growth phase
Outdoor advertising specialist oOh!media (ASX:OML) has revealed a significant leadership transition, with its managing director and chief executive officer, Cathy O’Connor, set to step down in the second half of 2025. After leading the company for over four transformative years, O’Connor’s decision marks a pivotal moment for the organisation as it prepares for its next phase of growth and strategy execution.
Cathy O’Connor first joined oOh!media (OML) during the unprecedented challenges of the Covid-19 pandemic, steering the company through turbulent times and reshaping its market position. Under her leadership, the business achieved a series of strategic milestones, including the successful acquisition of high-value asset contracts and maintaining strong operating margins despite economic headwinds such as inflationary pressures.
The board of oOh!media (OML) has initiated the search for O’Connor’s successor with the assistance of a global executive search firm. The aim is to ensure a seamless transition that supports the company’s long-term ambitions in the outdoor media sector. According to oOh!media's chair Tony Faure, the change comes at a natural point in the company’s timeline, as it seeks fresh leadership to drive its upcoming multi-year growth strategies.
In her departure statement, O’Connor reflected on her tenure with pride, highlighting the resilience and innovation of the team during her time at the helm. She noted the company's "unrivalled success in attracting new asset contracts" as a key achievement, a factor that is expected to fuel oOh!media’s (OML) growth trajectory in the coming years.
As the industry continues to evolve with new digital technologies and changing consumer behaviour, the leadership transition signals oOh!media’s (OML) commitment to staying ahead of the curve and building on its current momentum. Stakeholders will be closely watching how the next CEO shapes the company's future direction, as oOh!media (OML) remains a significant player in the Australasian out-of-home advertising market.
More updates on the executive appointment and future strategic plans are anticipated in the months ahead, marking an important new chapter for oOh!media (OML).
