HT&E’s chairman Peter Cosgrove resigns following Adshel sale agreement
Here, There & Everywhere’s chairman, Peter Cosgrove, will retire at the end of the month, following the company’s agreement to sell its street furniture business Adshel to Australia’s largest outdoor player, Ooh Media.
Cosgrove said the timing was right to move on from the business as the Adshel sale gives HT&E opportunities to strengthen its remaining assets.
“The company is at a pivotal point. The divestment of Adshel is a good result for shareholders and provides a number of strong capital management initiatives to further strengthen the business: he said. “In my view, the company has never been in better shape with a strong balance sheet and the number one metropolitan radio business in the country with exceptional margins and cash generation.