Sheila Lines has announced her resignation as chief financial officer of oOh!media after four years in the role.
Lines will leave the company at the end of the year to pursue external opportunities and in the meantime will assist the company with the transition to a new CFO.
She first joined oOh!media in 2018 after just over two years as CFO of Cabcharge Australia Limited. Prior to that role, she was the CFO of BPAY.
Cathy O’Connor, oOh!media CEO said: “Sheila has made an outstanding contribution to oOh! since joining as CFO in March 2018. She has been instrumental as part of the executive team in steering oOh! through the pandemic and strengthening the company’s competitive position.
“She will be leaving the Group with a strong balance sheet and capital management position which is fundamental to our strategic growth agenda. We are fortunate to retain Sheila’s continuing contribution as we transition to a new CFO.
“I have personally valued Sheila’s counsel and support since joining as CEO and on behalf of everyone at oOh! I wish Sheila every future success.”
Lines said of her resignation: “Having been in the role for four years, and with oOh! now in a strong financial position, I believe it is the right time to seek further opportunities.
“I am proud to have been part of a strong team that’s managed oOh! through the challenges over the past two years and built a solid platform for the next stage of the company’s growth,” she added.
This comes after oOh!Media Limited reported 24% earnings boost for the end of 2021 last month.
The company leveraged the continuing recovery of out-of-home audiences throughout the year to deliver an 18% lift in revenue to $504 million, in contrast to the figures in 2020.
Read more: oOh!Media CEO Cathy O’Connor reflects on financial results
Read more: oOh!Media Limited reports 24% earnings boost for the end of 2021