Cam Wallace announced as MediaWorks' new Chief Executive Officer

Cam Wallace.
Cam Wallace.

Cam Wallace has been announced as Mediaworks' next Chief Executive Officer.

Wallace was previously Chief Commercial and Customer Officer at Air New Zealand.

In July, MediaWorks' current  CEO Michael Anderson announced his plan to leave the company at the end of the year.

Wallace began with Air New Zealand in 2001 and during his time there held several senior positions including Group General Manager New Zealand and Pacific Islands, General Manager Australia and Chief Commercial and Customer Officer.

MediaWorks Chairman Jack Matthews says Wallace will bring experience and fresh perspective.

"The MediaWorks business is entering an exciting new phase. We are in a strong position to realise the combined power of our market-leading radio and outdoor platforms and to focus on implementing key strategic initiatives to deliver long-term growth."

"We believe that Cam is the perfect fit for driving this agenda over the coming years with his proven record in delivering strong commercial performance and leading his people to best-in-class results."

Wallace says there has never been a more exciting time to live and work in New Zealand and he is looking forward to joining the MediaWorks team.

"While it's a change in industry for me, the overarching objectives are the same and I look forward to exploring and capitalising on the growth opportunities across radio and outdoor over the coming years."

"The most important component of any business is its culture and I'm passionate about driving an engaged and motivated workforce with a common purpose, I can't wait to meet the team and get started."

Wallace will start in his new role in the New Year.

Last month, MediaWorks confirmed that it had reached an agreement with global entertainment company Discovery Inc on the sale of MediaWorks' free-to-air TV business.  

It includes entertainment channels Three and Bravo, streaming service ThreeNow, and multi-platform news and current affairs service Newshub, as well as the further channels Three+1, Bravo+1, The Edge TV and The Breeze TV.

The separation of the TV and radio/out-of-home parts of the business is expected to be completed before the end of the year.