The BIG news in the Australian media this week was that after four years in charge of oOh!media Cathy O’Connor will leave the company in the second half of 2025.
An ASX announcement, released on Tuesday, explained that her exit follows a period of improvement for oOh!media following a nearly flat 2024, where total revenue reached $636 million, just 0.3% above the previous year’s $636.9 million.
Cathy said the time had been one of the most rewarding periods of her career and was quoted as saying “I am incredibly proud of the team’s achievements, including the unrivalled success in attracting new asset contracts which underpin our future growth and the industry leading margins we delivered in an inflationary environment. The company now has real momentum, and a depth and breadth of new talent, to chart the course for continued growth.”
The company said that the decision was made jointly, with the board and Cathy O’Connor agreeing the time was right for new leadership to deliver the next phase of multi-year strategy and execution BUT we think it is safe to say that the resignation was totally unexpected.
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