FAIRFAX Metro Media chief executive Jack Matthews is set to leave the publishing company in a massive shake-up that will see its business units reshuffled and merged.
The previous chief executive of Fairfax New Zealand, Allen Williams, will take on a newly created role - managing director of Australian Publishing Media - which will see the mastheads The Sydney Morning Herald and The Age under one umbrella with the Financial Review Group.
Fairfax will have five business divisions under the new structure - Australian Publishing Media, Domain, Digital Ventures, Fairfax Radio and Fairfax New Zealand.
Fairfax Media ... the new organisational structure.
"The formation of Australian Publishing Media will simplify the way that we do business," Fairfax chief executive and managing director Greg Hywood said.
"We have already integrated our print and digital activities in the Metro division, making us a genuine multi-platform media company."
The new structure will also see Financial Review Group chief executive Brett Clegg and Grant Cochrane of Agricultural Publishing assuming new positions within Australian Publishing Media.
At the same time, Australian Regional Publishing head Allan Browne will depart Fairfax, after he and Mr Matthews assist in the transition.
Mr Hywood thanked the two men for their contributions to the company and said much had changed under their leadership.
"Today's Fairfax Media is an integrated multimedia company. It's a lot different from the place Jack joined seven years ago and Jack has driven the change, building a strong team and leading the integration of the digital and print business," he said.
"Allan has been a remarkable leader in the regional business. Through difficult times he has established these newspaper as the most resilient and robust of the group."
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