Nine board member Patrick Allaway resigns ahead of new CEO appointment

Former Fairfax director Patrick Allaway has announced his resignation from the Nine Entertainment Co board, just hours after the media company’s mastheads published an exclusive story detailing an investigation into deputy chair Nick Falloon over the alleged misuse of a corporate golf membership.

In a statement posted to the stock exchange just before 6pm last night, the business said the resignation will take effect in April, allowing “for an orderly transition … in light of the appointment of the new CEO and succession arrangements”.

Marks and CFO Maria Phillips delivered the financial results last week. Credit: Yianni Aspradakis