Newzulu managing director quits as Clive Dickens joins board
Newzulu, the tech company that aims to make everyone with a smartphone a potential journalist, has lost its managing director amid a broader restructure of the executive levels of the company.
It has announced that Alex Hartman has handed in his notice from the ASX-listed company, just days after Seven West Media acquired a near 20% stake in the business.
That stake has seen Seven’s digital guru Clive Dickens installed onto the board of the company, which gathers images and videos from citizen journalists around the globe and syndicates them through news wires.
Clive Dickens has been appointed to the Newzulu board
Newzulu’s share price has plummeted from a high of 19c in late 2014 to just 1.4 cents today, giving it a market capitalisation of $20.31m.
Non-executive chairman Charles Koones said in a statement to the ASX: “On behalf of the board and management team we are grateful for Alex’s significant contributions to the company as a co-founder of Newzulu.
“Clive is a welcome addition to the Newzulu board and will provide a strong technical media presence and sounding board for the company’s management team. We look forward to drawing on his insight and experience as the business grows and our strategy further develops.”
Hartman’s will stay with the company as an advisor until the end of the year, while it looks for his replacement.
Koones added: “The board is confident with the new focus, board and management team at Newzulu; the company is very well positioned to execute on the strategy and business plan.”
