Ed Harrison new Isentia CEO

Former senior Fairfax Media executive and Yahoo7 boss Ed Harrison will take up the CEO role at Isentia in August.

Veteran Australian media executive Ed Harrison is the new chief executive of Isentia Group.

Mr Harrison steps into the role of managing director and CEO at the media monitoring and analysis group following the exit of his predecessor, John Croll, in February.

The appointment was announced on the same day Isentia reaffirmed its full-year earnings guidance of $32 million to $36 million - sending its shares sharply higher.

In June this year Mr Harrison ended a four-year term as CEO of online Seven West Media-Verizon joint venture Yahoo7, and he has previously held sales and management roles at Fairfax Media and outdoor advertising giant JCDecaux.

Isentia chairman Doug Snedden said Mr Harrison had expertise in traditional and digital media as well as product development.

In a statement, Mr Harrison said he was "delighted to be joining an iconic company".

"Like many organisations, Isentia is facing a number of challenges associated with the rapidly changing media landscape," he said.

Mr Croll announced his resignation from the CEO role as Isentia in February with six months' notice but exited the company in May, with Mr Snedden stepping in as executive chairman.

Mr Croll's February announcement, after almost 20 years as CEO, came on the same day Isentia posted a $4 million half-year loss.

Isentia has suffered shrinking revenue in its core media intelligence business and in 2017 shut down a content marketing business bought two years earlier in a $48 million deal.

Mr Harrison will start as CEO on August 6 with a base salary of $676,000, a sign-on share rights award worth the same amount and an annual incentive plan worth up to 125 per cent of his fixed pay.

Isentia shares gained 8.5 cents, or 12.1 per cent, to 78.5 cents on Friday.


Share
2 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world
Ed Harrison new Isentia CEO | SBS News