Simon Ryan has become a shareholder in what he describes as “a great Australian company”.
Although there’s been questions about the success of Dentsu Aegis ANZ since Simon Ryan stepped down as CEO, during his time there the business more than doubled in size in the post-Harold Mitchell years.
Ryan won’t talk about too much about his time at Dentsu because he is focused on building growth in his new role as Managing Director – commercial at carsales.com.au.
If there is a criticism from some about his previous role it is perhaps there wasn’t a succession plan in place. While there were perhaps candidates in the region for the Dentsu Aegis ANZ post, the board looked for experience in the marketplace. Dentsu looked for some time after Ryan resigned in August last year before appointing Henry Tajer to the CEO role later in 2018 before Tajer eventually started in February 2019.
Speaking to Mediaweek about what’s ahead for carsales, Ryan is now a shareholder after having bought stock in what he labels “a great Australian company”.
The company’s revenue streams come from listings and display advertising.
While carsales is a giant when it comes to people wanting to buy and sell cars, Ryan is now helping run a publisher as well.
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