TRN Chief Executive Leaving At End Of Year

News Release, 16 September 2011

TRN Chief Executive Leaving At End Of Year

The Radio Network's (TRN) CEO, John McElhinney, has announced that he is stepping out of the role at the end of the year.

"This year I have celebrated 40 years with the Company with the last 10 years as CEO It is time to let someone else lead the challenge of building on the sound strategic base we have laid down", McElhinney said.

Richard Herring, APN News and Media's Group Radio and Outdoor Chief Executive and TRN Joint Venture owner, paid tribute to McElhinney, saying "John has had a wonderful career at TRN and within the NZ radio sector. He has overseen the development of a very strong suite of radio stations and built a vibrant culture within TRN that has delivered "best in breed" market positioning and strong revenue and market shares."

"John's passion for the radio business and for growing the various TRN brands means we have a very strong base upon which to build for the future," Herring said.

Mark Thewlis, Regional President of Clear Channel International and TRN Joint Venture owner, said; "During his career John has maintained a strong sense of leadership throughout an exciting period of development of radio in the New Zealand media market. We are confident of the continuation of TRN as the power-house of New Zealand radio primarily due to the legacy of his strong leadership qualities."

The TRN Board is working on recruiting a replacement. McElhinney will provide some consultancy services to TRN over the course of 2012 to help ensure a smooth transition.

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