Channel Nine chief financial officer Simon Kelly to depart in May
Kelly: departing Nine after four years.
Nine Entertainment’s chief financial officer Simon Kelly will leave the network on 31 May, 2016, after four years in the role.
Kelly has been a key player in the media company throughout a turbulent period overseeing both its finances and its operations. He also served as chief operations officer, working closely with former CEO David Gyngell as he negotiated to save the company in 2012 by convincing its lenders to take equity, in the sale of both magazine division ACP and events business Nine Live while also shepherding the company to a successful re-listing on the ASX.
The senior media executive was touted as a potential successor for Gyngell but was later tipped to leave the role after last year’s promotion of group general counsel Amanda Laing.
Said Nine CEO Hugh Marks: “I would like to thank Simon for the significant contribution he has made to the transformation of NEC into the innovative business it is today with a balance sheet that will enable us to maximise future opportunities. I wish him all the best for the future.”
Said Kelly: “I am very proud of the many achievements we have delivered over the past few years and the strong position that I leave the business in. I feel privileged to have had the opportunity to work with the most talented team in the industry and wish them every success in the future.”
Nine has commenced its search for a replacement.
Nic Christensen
