Fairfax Media Ltd appoints Gregory Hywood as Chief Executive Officer & Managing Director

08 Feb 2011

SYDNEY, 7 February, 2011: Mr Roger Corbett, the Chairman of Fairfax Media Limited [ASX: FXJ] today announced Mr Greg Hywood, currently a non-executive director and the interim chief executive officer of the company, had now been appointed as chief executive officer and managing director.

A Walkley Award winning journalist, Greg has held a number of the most senior management positions at Fairfax and was a driving force for digital change in the company. His roles included Publisher and Editor in Chief of each of The Australian Financial Review, The Sydney Morning Herald/Sun Herald and The Age. He also held the position of Group Publisher Fairfax Magazines. In recent years he was a leader in shaping Melbourne and Victoria as a creative and commercial hub.

Roger Corbett said “The board is enormously pleased Greg has accepted the role. Having conducted an international search, we are in no doubt that Greg is the best person to lead Fairfax Media through the exciting years ahead. His experience and knowledge of the sector and the company and his editorial, digital and commercial capabilities made him the stand out choice.

Greg Hywood said ”It is an honour to be the Chief Executive of Fairfax Media. I look forward to harnessing its great strengths and to take full advantage of the many opportunities to ensure the years to come are the most successful in the company’s long and proud history. “Fairfax Media remains the home of independent journalism and in recent years has been transforming into a geographically and technologically diverse, digitally driven media company. It is poised to continue to grow and prosper.

“Our great newspapers and digital businesses touch millions in the region daily. From today we will be doing it better - more creatively, more commercially, more efficiently and effectively. “We will have contemporary products for all communities, delivered by a contemporary business model.

In closing Mr Corbett said “In the near future the CEO will be announcing a number of key appointments that will ensure our combined strengths of quality independent content and digital technology provide us with a range of growth opportunities.“

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