Menu
Menu
Three Carsales.com directors step down

Three Carsales.com directors step down

Automotive classifieds business Carsales.com (ASX:CRZ) has revealed that three of its non-executive directors have resigned.

Graham Brooke, David Gygnell and Adrian Mackenzie have all left the board, after Nine Entertainment revealed it would sell its 49% stake in the company through wholly-owned subsidiary ACP Magazines.

Carsales.com Greg Roebuck said he didn't expect the sale to affect the operational workings of the company, due to the arms-length nature of its previous arrangements with Nine and ACP.

CRZ shares fell 4.6% during Monday's trading to $5.000.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags NiAdrian MackenzieCarsales.comGraham BrookeDavid GygnellASX:CRZMergers and acquisitions

Show Comments

Market Place

Computerworld
ARN
Techworld
CMO