oOh!media CEO Cathy O’Connor to Step Down Amid Strong Growth Momentum

Leadership Change at a High Point

oOh!media Limited (ASX:OML) has announced that Managing Director and CEO Cathy O’Connor will step down in the second half of calendar year 2025. After more than four years at the helm, O’Connor’s departure marks the end of a transformative chapter for the Australian Out of Home media leader.

Under O’Connor’s leadership, oOh!media navigated the challenges of the COVID-19 pandemic and emerged with a stronger commercial focus and a digital evolution strategy. The company’s recent performance reflects this progress, with total revenue growth of 13% and Australian media revenue growth of 16% in the first quarter of 2025, aligning with industry benchmarks set by the Outdoor Media Association.

Momentum and Market Position

The company’s momentum accelerated in early 2025, driven by new asset contracts secured in 2023 and 2024, which are now coming online. This has translated into improved market share and revenue outcomes, with expectations for continued growth through the remainder of the year. The Board expressed confidence in the company’s strategy, which focuses on energizing sales, leveraging a network of 35,000 assets, and expanding leadership in the retail media segment.

Chair Tony Faure praised O’Connor’s tenure, highlighting her role in securing major contracts and embedding a disciplined commercial mindset. He emphasized that the timing of the leadership transition is deliberate, aiming to position oOh!media for its next multi-year phase of growth under new leadership.

Transition and Governance

To ensure a smooth handover, O’Connor will remain with the company until the second half of 2025. Meanwhile, the Board has engaged a leading global executive search firm to identify her successor. The search is overseen by Chair Tony Faure and Talent & Culture Committee Chair Philippa Kelly, underscoring the importance of selecting a leader aligned with oOh!media’s strategic ambitions.

In light of O’Connor’s planned departure, the Board has withdrawn two equity award resolutions related to her from the upcoming Annual General Meeting. This procedural adjustment will not affect other AGM business or previously submitted proxy votes.

Looking Ahead

O’Connor expressed pride in the company’s achievements and confidence in its future, citing a strong leadership team and a clear strategy to capitalize on the evolving Out of Home media landscape. As oOh!media prepares for this leadership transition, investors and industry watchers will be keen to see how the new CEO will build on the current momentum and navigate the competitive media environment.