Media Corp interim CEO quits
Adam Fraser-Harris is second interim boss to leave role this year.
Media Corporation has announced that its interim CEO, Adam Fraser-Harris, has stepped down with immediate effect, making him the third boss of the company to leave this year.
The AIM-listed online gaming group and digital advertising network confirmed in a statement that Fraser-Harris is to “pursue other interests”.
In February chief executive Justin Drummond (pictured) stepped down from his role while his interim replacement Sara Vincent left the company just three months later.
Until a new CEO is recruited Media Corp’s chairman, Phil Jackson, will assume the role of executive chairman.
Today’s announcement completes a year of drastic change at the top of Media Corp, with Clive Eplett was appointed as the company’s new head of finance in August to replace Nilesh Jagatia after five years in the role. At the same time Mark Butt, managing director of MediaCorp’s advertising arm Eyeconomy, was added to the board.
Commenting on Fraser-Harris’s departure, Jackson said: “On behalf of the board and shareholders I would like to thank Adam for all his efforts over the last six months. He has been instrumental in resolving a number of legacy issues and problems facing the company when we joined the board in May of this year. Through his efforts he has helped stabilise the company to put it in a position to look forward; we wish him all the best in his future projects.
“Our search for a full time CEO is well under way and we look forward to announcing new appointments at the appropriate time. In the meantime I am excited about working in a more executive role and I am optimistic about future developments for the organisation and remain focussed on the pending launch of our Intabet platform.”