Investors wait to hear from Nine board on CEO search and future direction

November 18, 2020 9:33

Nine Entertainment Co. (Nine) will hold an investor day tomorrow (19 November), to update the market on the sudden resignation of CEO Hugh Marks.

Industry leaders and investors shared shock and praise following the announcement by Marks on Saturday (14 November). His resignation followed coverage in media outlets that he and former Nine executive Alexi Baker had been in an intimate relationship while he had been her superior at Nine. Baker left her role at Nine on 1 October.

Wilson Asset Management lead portfolio manager, Oscar Oberg, said of Marks: “We regarded Hugh as one of the best CEOs on the ASX.”

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Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.