September 11th 2024.
After three-and-a-half years at the helm, Nine CEO Mike Sneesby has made the decision to step down from his role. In an email to his colleagues, Sneesby expressed his pride in the accomplishments he has made during his time at the company. He also shared that his choice to leave was made after careful consultation with his family.
Sneesby wanted to be transparent about the reasons behind his departure. He acknowledged that this year has been one of the most challenging in his career, with the company's resilience put to the test. Despite the intense scrutiny, he remained focused on achieving the best outcomes for Nine and its employees.
As of September 30, Sneesby will officially hand over the reins to the company. His successor will be Matt Stanton, who currently serves as Nine's Chief Financial and Strategy Officer. This news was confirmed by Nine Chair Catherine West, who praised Sneesby for his contributions to the company during his decade-long tenure.
West highlighted some of Sneesby's accomplishments, including guiding the company through the difficulties of the COVID-19 pandemic, securing rights to the Olympic Games until 2032, and driving Nine's strategic and cultural transformation. These achievements have solidified Nine's position as a leader in the media industry.
Sneesby revealed that the decision to step down was a mutual one between himself and the board. When discussions about his tenure began, they both agreed that the timing was right for a leadership transition. With Nine's financial results and coverage of the Paris Olympics and Paralympics successfully completed, now was the best time to make the change.
The company will provide more information about the transition in the future. In the meantime, Sneesby expressed his gratitude to the board and his colleagues for their support and dedication. He is confident that the company will continue to thrive under the new leadership and is excited about what the future holds for Nine.
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