Seek (ASX:SEK) subsidiary searching for new CEO

Online employment company Seek Limited (ASX:SEK) has revealed that its Chinese subsidiary is on the hunt for a new CEO.

Zhaopin Limited, in which Seek owns a 56.1% stake, has terminated its current CEO and is preparing transitional management arrangements in anticipation of finding a replacement.

Seek said the unit was continuing to grow at both revenue and ebitda levels.

The parent added that it was working with co-shareholder Macquarie Bank to ensure this momentum is maintained.