NZME appoints Michael Moran new CFO

NZME chief financial officer Michael Moran.

News and entertainment business NZME has appointed a new chief financial officer with Michael Moran, who has held the position in the interim since June, officially taking the role.

NZME chief executive Michael Boggs said Moran's extensive experience would be an asset to the business, particularly as he had already been working with the company for several months.

"It is great to have someone of Mike's calibre join the NZME executive team," Boggs said.

"Having worked with us since June this year he will commence the role with a thorough understanding of our business, financial position and our people."

"Mike's extensive mergers and acquisitions, and business transformation experience is ideally suited to assist NZME achieve its near term cost management and business integration objectives and longer term strategic goals," he said.

NZME owns the Herald and several provincial newspapers, nzherald.co.nz, and radio stations including Newstalk ZB, ZM, Radio Sport, The Hits and Radio Hauraki.

Moran, who is originally from the UK, has extensive international experience having worked in Australia, Russia, China and Malaysia prior to moving to New Zealand.

His most recent role has been as a partner at Deloitte, where he was responsible for assisting companies with finance function transformation and mergers and acquisitions.

"I'm delighted to be joining NZME at such an exciting time for the company," Moran said.

"My focus will be helping NZME continue to optimise the way the business operates, extracting the full synergies from its business integration, and driving the various elements of the growth strategy, including the proposed merger with Fairfax NZ."

The appointment will be effective in the first quarter of 2017. Moran will have responsibility for NZME's financial and technology operations.