APN News & Media Limited has announced the resignation of Jane Hastings as chief executive officer of NZME, and the appointment of current NZME chief financial officer, Michael Boggs as her replacement, effective Friday 8th April, 2016.

Jane Hastings has been with the APN Group since May 2012 leading TRN to strong growth, and in her current role since September 2014 where she led the successful formation of NZME.

Michael Boggs will report to APN Chief Executive Officer Ciaran Davis.

APN News & Media has recorded an Overall Net Profit of $15.2m in financial results released today, for the 2014 calendar year.

APN is the parent company of NZME and ARN, both of which improved their revenue from 2013.

While the Australian radio market grew 3% in 2014, ARN revenue grew 18% to $180.9m and EBITDA grew 14% to $66.5m. Its agency revenue grew 32% to $109.6m, reflecting improved 2014 ratings.

NZME Radio experienced 5% growth in revenue to $116.8m and 7% in EBITDA growth, which sits at $23.1m.