Dunsford latest to leave Ovato

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Craig Dunsford is the latest high profile industry name to exit Ovato, as the company slims down its senior management team following the departure of CEO Kevin Slaven, with several senior staff moving on.

Pastures new: Craig Dunsford

Dunsford has been with Ovato since the merger with IPMG, when he came over as CEO of Print. He has held several senior roles at Ovato, latterly as publishing lead. He was the general manager at Offset Alpine prior to his role at IPMG.

Ovato is resizing itself and will focus almost exclusively on print. It is selling its retail distribution business, formerly Gordon & Gotch, to magazine publisher, and major Ovato shareholder, Are Media for $15m plus the $27m it owes, and is selling all its creative services businesses for $9m to Hannan entity.

This year’s annual results will likely show the business is now half the size it was at the time of the merger four years ago, when revenue topped $1bn.

At Christmas, the business received new cash injections of $35m, closed its Melbourne manufacturing plant - with the loss of 300 jobs, and asked creditors to take a 50 per cent haircut on outstanding invoices.

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