In a statement IVE Group said Selig’s death was “caused by unforeseen complications arising from an accident in Barcelona”.

“The board, management, and the whole IVE family expresses its deepest condolences to Geoff’s family following this tragic event,” the company said.

“Geoff played a major role, over 40 years, in establishing IVE as Australia’s leading marketing and communications business, in the process, reshaping the landscape of the Australian printing industry.”

Gavin Bell, the company’s lead independent director, will take the role of interim chair and will remain in place until the next IVE board meeting takes place.

There is no further information available from the Selig family at this stage regarding the potential date for a memorial or funeral.