Australia's Nine Entertainment says Peter Costello steps down as chairman
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 10 2024
0mins
Source: reuters
- Resignation of Peter Costello: Australian broadcaster Nine Entertainment Co Holdings Ltd announced the resignation of chairman Peter Costello.
- Replacement by Catherine West: Costello was replaced by non-executive deputy chair Catherine West as the new chair of NEC.
- Acknowledgment of Costello's Contribution: The board thanked Costello for his more than a decade-long contribution to Nine, including eight years as chairman.
- Immediate Departure from Board: In addition to stepping down as chairman, Costello will also leave the board immediately.
- New Vision Needed: Costello mentioned the need for a new chair to bring a fresh vision and unite the board.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
