| CEO Name | Greg Hywood |
| Nationality | Australia |
| Net Worth Estimation | $10 million |
Greg Hywood's estimated net worth of around $10 million USD results from his long tenure as Fairfax Media's CEO, high executive compensation, and earnings from company shares and bonuses. His leadership during significant company transitions and mergers further contributed to his accumulated wealth.
Greg Hywood's estimated net worth of 10,000,000 USD is 0.13% of the maximum CEO net worth (8,000,000,000 USD) and 10 times the minimum (1,000,000 USD) within the media business category. This places him closer to the lower end of the sector's CEO wealth spectrum.
Business Category: Media
Minimum Net Worth (estimation): 1000000 USD
Maximum Net Worth (estimation): 8000000000 USD
Greg Hywood Performance in Fairfax Media
Greg Hywood demonstrated strategic leadership as CEO of Fairfax Media, emphasizing digital transformation and cost restructuring to stabilize the company amid declining print revenues. His decision-making focused on innovation and diversification, including expanding digital platforms and reducing operational expenses. Hywood's performance notably improved Fairfax's financial health and positioned it for acquisition by Nine Entertainment, reflecting a significant impact on the company's evolution and market relevance.
Latest News
Fairfax Media CEO Resigns as Company Undergoes Leadership Change
Fairfax Media Ltd CEO Brian McCarthy resigned due to inability to commit to the company's strategic plan, with non-executive director Greg Hywood appointed acting CEO during a global executive search. McCarthy had led the company through significant challenges, including the global financial crisis and cultural change initiatives.
Source: http://www.sbs.com.au/news/article/mccarthy-resigns-as-fairfax-ceo/rpiy2lxt0