Peter Costello exits Nine, effective immediately
Nine Entertainment Co’s chairman, Peter Costello, has resigned effective immediately.
The ASX announcement came on Sunday evening.
“After nearly eleven years on the board of Nine Entertainment Company (NEC) and more than eight years as chair, I had flagged retiring from the board some time after the July Olympics and by the AGM in November at latest. Last year, the company retained a search firm to identify new directors. The work is well advance,” he said in a statement sent to Mumbrella.
At last this person has been caught out… under his bullying chairmanship Nine has continued to under-perform. His preferred CEO should go next
A positive move. His CEO needs to be next in line to step down if Nine are serious about rebuilding. They can’t continue to be led by someone with a bullying management style likes it is a decade ago.
So the Chair of the P&C, responsible for reviewing all employee claims and investigations, is now in charge? If this is anything less than a short term stop gap, and none of the Board resign in protest, it’s shameful.
??????
Former 9 Head of Promotions/Executive Creative Director next? After bullying, marginalising, controlling and insulting staff for over a decade, last year 9 finally moved him upstairs where he now manages no one. On the back of Wick’s ousting, 9 has established a service for all current and former employees to report inappropriate behaviour. I imagine the former ECD’s name will appear numerously on those reports