Cody Outdoor founder resigns from APN board over ‘unresolved concerns over corporate governance’
Pierce Cody, the founder of Cody Outdoor, has resigned from the board of APN News & Media due to concerns he has with how the company is being run.
Cody founded Cody Outdoor in 1986, which was later acquired by APN News & Media.
He has been a non-executive director at APN since 2003.
In a statement released to Mumbrella, Cody said:
It is with some sadness that I announce my resignation, effective immediately from the Board of APN News and Media.
I have been a Non-Executive Director approaching 10 years. I have had a close association with the Company for over 16 years, commencing when APN bought its initial stake in Cody Outdoor- Australia’s largest Billboard business.
Unfortunately I have found it necessary to resign due to unresolved concerns I have had with some ongoing areas of corporate governance..
I must stress that I fully support the endeavours of the Management Team under the stewardship of the well regarded Chief Executive Officer, Brett Chenoweth.
I hope this team can navigate their way through these challenging.
Cody was a partner of the Ball partnership and worked at Clemenger Harvie.
He also founded organic and natural food retailer Macro Wholefoods Market, which was sold to Woolworths in 2009.
APN was invited to comment by Mumbrella.
what’s next for Mr Cody … he has a lot of free time on his hands right now. Maybe another media move?
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Sad to see so many issues with this company and a pity it has lost so much experience in the name of “necessary cuts”
Time to oust the bean counters.
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What … didn’t even stay for the ballot on Monday ?
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Correction. Pierce Cody did not found Macro foods in Bondi Junction. It was set up by a Barbara Murry and her husband for over 20 years and was brought by Pierce Cody in 2004 with Bret Bundy.
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If memory serves me correctly, Pierce was Media Director of the Ball Partnership back in ’86…and he founded Cody in the early 90’s
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She’s Apples – Pierce and Bret founded Macro Wholefoods which is a different entity to the original Macro which was more like a corner store … Macro Wholefoods was based on the US Wholefoods model.
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Get Cody to speak at Mumbrella360.
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