Sneesby resigns from Domain board, with replacement announced
Outgoing Nine CEO Mike Sneesby has resigned as a non executive director of Domain, with effect from 30 September.
Sneesby was nominated as a director to the Domain Board by Nine Entertainment, Domain’s majority shareholder, and will step down on the same day he leaves Nine. He will be replaced on the Domain Board by Mickie Rosen.
Rosen is an independent non executive director on the board of Nine, and served on the Fairfax board from March 2017, becoming a director of Nine upon the Fairfax/Nine merger. She will be a non-independent director on Domain’s Board.
“Mickie Rosen’s appointment to the Domain Board reinforces Nine’s sharper focus on Domain“
If Nine thinks they haven’t been sharply focused on Domain to date, that’s quite a thing to admit publicly for a business that’s worth over half their market value. Even if it was just meant to be kicking the Sneeze on the way out.