APN CFO resigns after latest financial results

ARN’s parent company APN News & Media Limited has announced the resignation of CFO Peter Myers.


Myers will leave the company to “pursue other interests” after 10 years as CFO. His last day is Friday 21 September 2012.

APN recently released its results (see earlier story) showing Net Profit After Tax, before exceptional items, of $19 million, but after exceptionals the company was in the red by $319 million.

“The Board, management and staff of APN wish him all the very best in his future endeavours,” said a statement to the stock exchange on the day that the company also officially files its interim report to the exchange (click here to read it).

APN shares fell 20% on news of the resignation.