Nine CEO David Gyngell has announced that its managing director Jeffrey Browne is to step down.
Browne’s direct reports will now report to Gyngell.
"Jeff’s made the call after seven terrific years at the top of the Network – the time is right for him and he departs the role with Nine in fantastic shape,” Gyngell said.
“I’ll miss him not only as a robust and talented managing director, but the best deal closer in the business, a friend and simply a terrific bloke. He leaves us in a much stronger position than when he came on board, which is a fitting tribute.”
Gyngell said Browne had characteristically played a major role in securing the recent new agreements for Nine on the National Rugby League, Cricket and WIN, including the purchase of NWS Adelaide.
"And while Jeff will leave us as managing director from August 1, the good news is he’s agreed to take up a new part-time role executive director –cCommercial, of Nine Entertainment working with me, so his skills, enthusiasm and deft hand are happily not lost to us," added Gyngell
Browne said he'd given his future a great deal of thought in recent months, and believed the time was right to move on and take up some different business challenges.
When contacted by B&T about whether a replacement has been lined up for Browne, Nine had no comment.