Seven’s had a big last few months under the reign of new CEO James Warburton, and it appears the cost cuts aren’t slowing down any time soon, as three more execs exit the business.
As reported on The Age, Seven’s chief technology officer Rainer Rhedey has been made redundant after having joined just a year ago from Fairfax.
Seven’s head of cross-platform advertising sales Jenny Hosie has also been made redundant after working at the network for over ten years.
Darren Kerry, director of digital product and technology is also leaving, which comes just nine months after being promoted by former CEO Tim Worner.
Warburton has been busy the last few months balancing the books, namely with the axing of Sunday Night, Seven’s acquisition of Prime Media group and offloading its WA assets to SCA, and most recently killing Today Tonight in Perth and Adelaide.
Industry rumours suggest the exec is fixing up the balance sheet for a potential sale, but that’s something SWM chairman Kerry Stokes and Warburton have consistently denied.
The latest string of departures follows the news Seven lost its crown as the most-watched network across the five metro areas to Nine. The loss comes after retaining the top spot for 12 years.