Reports David Gyngell to step down with Hugh Marks the frontrunner to replace him
Nine Entertainment boss David Gyngell appears set to end months of speculation about his future, with the CEO expected to shortly confirm he will step down from the role next year.
Speculation about succession has already begun, with The Australian and the Australian Financial Review both reporting today that Nine director Hugh Marks is the frontrunner to replace him.
However it is understood the process is still ongoing, with a decision expected before the Nine annual meeting on November 17.
Should Gyngell step down as CEO, Mumbrella understands, he is expected to maintain an involvement in the media company, continuing his shareholding and possibly seeking a board position.
Gyngell has fuelled speculation about his future this week failing to attend the annual Nine 2016 Upfronts.
Marks has been a director of Nine since 2013 and is a former CEO of production company Southern Star.
He is also managing partner for talent agency RGM Artists.
Nic Christensen
DAvid Gyngell is a knock about block who just happens to be super intellegent and into media. Cant wait to see what he’s into next.
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Gyngell’s beard is just magnificent. It will be missed.
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Maybe He’s the new supremo at the NRL. If not, he’s going digital. Anyway it’s another signal that It’s allover for FTA TV.Done and dusted!
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Gotta say that Nine will be poorer without Gyng’s passion.
Hugh is a great operator and will make a significant impact of the business……but this is the end of the ‘Packer Legacy’.
….gonna miss the hipster beard too!
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So, now he’s free to pursue a career in the UFC
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