News: SEK Seek Says Ian Narev To Succeed Andrew Bassat As CEO

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    Feb 23 (Reuters) - Seek Ltd (SEK) :

    • ANDREW BASSAT WILL STEP DOWN AS MD AND CEO OF SEEK AND BE SUCCEEDED BY IAN NAREV, EFFECTIVE 1 JULY 2021
    • ANDREW BASSAT WILL TRANSITION TO A NEW FULL-TIME ROLE OF EXECUTIVE CHAIRMAN AND CEO OF SEEK INVESTMENTS
    • FY21 REVENUE TO BE IN ORDER OF A$1,700M
    • FY21 EBITDA TO BE IN ORDER OF A$460M
    • FY21 REPORTED NPAT TO BE IN ORDER OF A$100M
    • CO & OTHER ZHAOPIN SHAREHOLDERS ARE IN ADVANCED TALKS WITH CONSORTIUM LOOKING TO ACQUIRE OWNERSHIP INTEREST IN ZHAOPIN
    • POTENTIAL TRANSACTION VALUATION FOR ZHAOPIN WILL BE IN ORDER OF A$2.2 BILLION
    • IF PROPOSED TRANSACTION IS COMPLETED, EXPECTED SEEK WILL REDUCE STAKE TO ABOUT 23.5% IN ZHAOPIN
    • INTENDS TO RECOMMENCE PAYMENT OF ORDINARY DIVIDENDS AT FY21

    Source: https://bit.ly/3aI01nO

    (([email protected];))

 
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