Nine Entertainment’s CEO to Resign in September

Nine Entertainment has announced its CEO, Mike Sneesby, will officially resign on Sept. 30 after three and a half years in the position.
In a notice to the Australian Securities Exchange, the mass media company, which owns television, radio, and newspaper assets, said Sneesby and Nine’s board of directors believed now was “the right time” for a transition.
Nine Chair Catherine West thanked Sneesby for his contribution after a decade in the company, including guiding it out of the COVID-19 pandemic, securing the rights to the Olympic Games through to 2032, and contributing to the success of the streaming service Stan.
West also announced that Nine’s Chief Finance Officer, Matt Stanton, would assume the role of acting CEO while the company looked for a suitable replacement.
“Matt will work closely with Mike to ensure a smooth handover.”
In addition, the chairwoman said Nine was in “a strong position” to carry out the company’s next transformation phase.
Meanwhile, Sneesby said it was a privilege to lead the media company and that he took pride in Nine’s achievements during his tenure.
The MEAA said this resulted in an unsafe workplace for the company’s female staff.