Nine Entertainment this morning announced that two of their directors have tendered their resignations, effective from February 3 2017.
Elizabeth Gaines and Holly Kramer are both leaving their posts as Nine directors, with Gaines moving on to become the chief financial officer of Fortescue Metals Group Limited, and Kramer saying she wants to restructure her board portfolio.
Gaines (pictured above) was appointed to the Board in March 2016 as an independent, non-executive director and also acted as Chair of the Audit and Risk Committee. Her move to Fortescue follows on from her position as a non-executive director of the company.
Gaines’ executive career has focused on financial services, infrastructure, media and travel distribution in both the UK and Australia, with her most recent role being CEO, and previously COO/CFO, of travel company Helloworld.
Kramer joined the Board in May 2015, as well as being the Chair of the Nomination and Remuneration Committee. With more than 20 years’ experience in general management, marketing and sales, Kramer has worked with Ford Motor Company (in the US and Australia), Pacific Brands and Telstra.
Kramer also serves as a non-executive director for AMP Limited, Australia Post, regional community-owned telco Southern Phones, and the Alannah and Madeleine Foundation, and is a member of Chief Executive Women.
Chairman Peter Costello said, “Holly and Elizabeth have both been valued members of the board of Nine Entertainment during their time as directors.
“I thank each of them for their excellent contribution as directors and wish them both much success in their future endeavours.”
The Board has commenced a search process for additional directors to replace both Gaines and Kramer.
To celebrate brands going “above and beyond to act with purpose”, Mumpower has announced its first-ever consumer choice awards. The ‘Vote on Purpose’ Australian Business Award 2021 aims to crown Australia’s favourite purpose-driven company, with Mumpower now calling on both corporations and Mum shoppers to nominate a value-led company or a specific brand campaign that […]
Sports fans will have to pay $10 a month to sign up for Stan Sport when it launches later this year, according to reports. The Nine-owned Sydney Morning Herald, is today reporting that Stan (also owned by Nine) will offer Stan Sport as a supplementary service, meaning fans must also have a subscription to Stan’s […]