Mike Sneesby Resigns as CEO of Nine Entertainment Amid Turmoil

Sneesby steps down following a challenging year marked by internal strife, financial woes, and leadership changes.

Mike Sneesby will leave his role as CEO of Nine Entertainment effective September 30, 2024.
CFO and Chief Strategy Officer Matt Stanton will take over as interim CEO while a search for a permanent replacement is conducted.
Sneesby's resignation follows a tumultuous year with allegations of toxic workplace culture and significant staff unrest.
The company's financial performance has suffered, with a 22% drop in net profit and a 3% decline in revenue reported recently.
Nine Entertainment has faced a series of leadership changes, including the resignation of Chairman Peter Costello and News Head Darren Wick earlier this year.