GTN names Vic Lorusso global chief executive, effective December 2025

GTN Limited has appointed Vic Lorusso as its global chief executive officer, effective December 1, 2025. Lorusso brings over 25 years of media industry experience, all with The Australia Traffic Network Pty Limited, where he started in 1999 and became chief executive in July 2023. He has also coordinated strategic alignment across GTN's operations in Brazil, Canada, and the UK.

Mr. Lorusso's executive service agreement includes an ongoing term with a base salary of A$682,500 per annum, exclusive of superannuation. His short-term incentive is 50% of his base salary, based on annual performance outcomes, with FY26 metrics split as 35% on Net Revenue, 35% on FCF, and 30% on individual KPIs.

The long-term incentive plan includes 3,500,000 options, issued on September 1, 2025, with an exercise price of A$0.23 per share. These options are subject to continuous employment through June 30, 2027, and achieving Unlevered Equity Free Cash Flow (pre-tax) exceeding A$37.5m over FY26 and FY27 in aggregate. The vesting period runs from July 1, 2025, to the vesting date, with an exercise period until August 30, 2028.