Does the departure of yet another CEO of the German-owned Bauer Media Group open up an option for it and its chief rival, Seven West Media's struggling Pacific Magazines?
Paul Dykzeul, Bauer's fourth CEO since 2012, announced his retirement yesterday after two years in the job. He replaced Nick Chan who abruptly departed the business in 2017. Executive churn has plagued the company since the German magazine giant bought the once-great ACP Magazines in 2012.
Things haven't been so peachy in other levels of the company either. In his two years in the top job, Dykzeul oversaw the closure of titles including Cosmopolitan Australia, as well as the merging of teams. The teams from Harper's Bazaar and Elle were combined, then staff for six "Homes" titles were also consolidated into one team.