New Macquarie CEO Starts

Angela Clark has begun as CEO of Macquarie Media, as part of a major management restructure.

Taking over from George Buschman, 32 year old Clark will manage the Macquarie Radio Network, plus Lonely Planet, SCTV Indonesia, Macquarie Films & TV, April Productions, the Virgin FM joint venture and the Central Coast Stadium.

Clark has taken the helm at Macquarie at a very turbulent time, amid the ongoing David Flint-Alan Jones controversy, Telstra’s $1.2m sponsorship and Macquarie’s unsuccessful bids with Virgin for the new Sydney and Brisbane FM licences.

But, her credentials are impressive – she was Managing Director of JC Decaux Australia for six years, growing the business from Sydney to offices in four states and a $30m turnover.

Macquarie Chairman, Sam Chisholm, says: “Angela has proved herself as a dynamic executive in the advertising industry and we believe her energy and experience will be invaluable to Macquarie as we move forward.”

Clark says: “It’s hard not to get excited about the opportunities this job offers. Macquarie Media is one of the country’s most vibrant, growing media companies and I look forward to the challenge.”

George Buschman relinquished his position to work with Virgin executives to establish a new Australian FM radio network, Virgin Radio Australia. He remains on the Board of Macquarie Radio.

Louise Barrett, Macquarie Sales’ Director, has assumed the additional role of General Manager at Macquarie Radio Network. Merryn Vincent, Operations’ Director, will continue in this position when she returns from maternity leave.