Confirmed: CEO Adam Lang to depart Macquarie Media
As widely speculated, Macquarie Media chief executive Adam Lang is leaving the company after 18 months in the role.
Radio Today understands that Lang’s foreshadowed exit is by way of redundancy, and marks a new beginning under the broadcaster’s new owners Nine Entertainment.
Macquarie Media chair Russell Tate will assume executive responsibilities after Lang departs at the end of the month and until new management is finalised.
“Adam has played a major role in the development of Macquarie Media since its formation following the 2015 merger of Macquarie Radio Network and Fairfax Radio Network,” said Tate.
“Adam and I have worked very closely together over the last four years and his passion for radio, his intelligence, his work ethics and his regard for our people have all been outstanding features of his management and leadership during that time.”
Macquarie Media was formed in April 2015 following the merger of Macquarie Radio Network and Fairfax Radio Network. Lang had been CEO of the latter for three years.
Tate was effectively both chairman and CEO of Macquarie Radio before appointing Lang chief executive in February last year.
According to the Daily Telegraph, Tate told staff in an email today that: “Adam and I have been in discussion for some time about his future opportunities within Macquarie which will undergo significant change in the next few months as our operations are integrated with those of Nine Entertainment Corporation.”