Financial Review editor Glenn Burge and CEO Michael Gill move on

Fairfax Media’ s Financial Review Group CEO Michael Gill and AFR editor Glenn Burge have both departed their roles while Brett Clegg has been confirmed by Fairfax Media as the new CEO of the group.

Clegg resigned as deputy CEO of The Australian over the weekend.

When Mumbrella editor Tim Burrowes put rumours of his imminent departure to Gill in a video interview last week, he cast doubts on them.

An announcement from Fairfax this morning said that Gill was departing the company after 21 years, while Burge will be offered another role within the company.

Greg Hywood was confirmed as Fairfax Media’s new CEO in February. Since then he has made a string of changes, including the appointment of Jack Matthews as boss of tis metro division, the retirement of Sydney Morning Herald publisher Lloyd Whish-Wilson and the promotion of Peter Fray to that role.

Hywood said “Brett has the important combination of significant editorial and commercial experience. He will be a superb leader of FRG. Brett is well known for his commitment to quality independent journalism, his very significant commercial nous and a deep understanding of the digital future.”

Clegg said “I am excited beyond measure about this opportunity. It is the realisation of a long held dream. Having started my journalism career as a cadet at The AFR, I will be passionate about taking its publications to new heights and engaging with our valued audiences in both the print and digital arenas.”

Clegg also addressed the issue of his short stint as deputy CEO of The Australian, saying: “I also want to acknowledge the support I received during my time at News Ltd from John Hartigan and Richard Freudenstein. I learnt a great deal in a relatively short period from each of them and I thank them for their generosity. Chris Mitchell was also very supportive and I believe he is an editor whose commitment and capabilities are undoubted.”

Roger Johnstone will run the Financial Review Group until Clegg has waited out a non-compete period – reported to be three months.

Although Burge will no longer edit the AFR, Fairfax has signalled that it will try to find him another role. In the meantime Paul Bailey will be acting editor.

Hywood said: “I have asked Glenn to give consideration to working with me in an important role within the company. Glenn has been an excellent editor of the Australian Financial Review and editorial director of FRG, and we look forward to harnessing his considerable skills, network in the business community and experience elsewhere in the company.”


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