• CEO Ciaran Davis to step down on 15 January 2026 after 16 years of leadership
• Chief Operating Officer Michael Stephenson to succeed Davis as new CEO
• Stephenson has over 3 decades of experience in the media industry

ARN Media Limited (ASX:A1N) has announced that its Chief Executive Officer (CEO) and Managing Director, Ciaran Davis, has informed the board of his intention to step down from his role on 15 January 2026. Mr Davis will also step down today from his role on the Board of ARN Media as Managing Director. He will be succeeded as CEO by Chief Operating Officer, Michael Stephenson. The Board of ARN Media congratulates Mr Davis for 16 years of strong and dynamic leadership, underpinning the company's growth, innovation and enduring success across a rapidly evolving media landscape. During his tenure, Mr Davis has led the company through several transformative milestones, including the successful launch of iHeartRadio, the recruitment of high-profile presenters to strengthen the company's networks and the strategic execution of its divestment plan through the sale of Adshel and its stake in Soprano Design. The Board has undertaken a robust succession planning process to ensure a smooth transition. Current Chief Operating Officer Michael Stephenson will assume the role of CEO following Mr Davis's departure and will work closely with him and the Board over the coming months to ensure a seamless handover. Mr Stephenson is one of Australia's most respected and accomplished media executives, with a consistent ability to drive profitable business growth.