Nine Entertainment has officially named Matt Stanton as its new chief executive officer following an extensive global search. Stanton, who previously served as the company’s chief strategy and financial officer, took on the role of interim CEO in September after the departure of Mike Sneesby amidst a challenging period for the company marked by a decline in share prices.
The announcement of Stanton’s appointment comes as a significant development for Nine Entertainment, with the board expressing their confidence in his leadership capabilities. Catherine West, the chair of Nine, emphasized Stanton’s qualifications and successful track record, highlighting his instrumental role in driving strategic and cultural transformations within the organization.
Stanton’s leadership experience extends beyond Nine Entertainment, having previously led Are Media and held key positions at Barambah Organics and Woolworths. His diverse background in media, transformation, and commercial operations positions him as a well-rounded leader capable of steering Nine Entertainment through its various business ventures, including its television network, streaming platform Stan, radio network, and publishing arm.
Under Stanton’s stewardship, Nine Entertainment has initiated a cultural overhaul in response to concerns raised in an independent review regarding workplace behavior. This initiative underscores Stanton’s commitment to fostering a positive and inclusive work environment within the company.
In addition to his responsibilities as CEO, Stanton will also oversee Nine’s stake in digital real estate portal Domain, a significant asset for the company. The positive market response to Stanton’s appointment is evident in the notable increase in Nine’s share price since the beginning of the year, reflecting investor confidence in his leadership.
Stanton expressed his gratitude for the opportunity to lead Nine Entertainment, emphasizing the company’s pivotal role in shaping the national discourse. His vision for the future is grounded in leveraging the company’s talented workforce and valuable assets to drive continued success in the media industry.
As part of his new role, Stanton’s remuneration package has been revised, with a substantial increase in his fixed salary and the potential for performance-based bonuses. This adjustment reflects Nine Entertainment’s commitment to recognizing and rewarding leadership excellence in driving the company’s growth and profitability.
Overall, the appointment of Matt Stanton as CEO marks a significant milestone for Nine Entertainment, signaling a new chapter under his leadership as the company continues to navigate the evolving landscape of the media and entertainment industry.
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