CHIEF EXECUTIVE OFFICERS – AUSTRALIA – APPOINTMENTS AND RETIREMENTS

Nine CEO puts innovation top of must-do list

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Original article by Dominic White
The Australian Financial Review – Page: 15 & 20 : 10-Nov-15

David Gyngell will remain on the board of Nine Entertainment Company after stepping down as CEO. Gyngell. His successor, Hugh Marks, has told Nine’s staff that producing "engaging, relevant content" will remain the media group’s priority, but has stressed the need for Nine to continue to innovate. Issues such as the prospect of cross-media ownership reforms and growing competition from digital media groups will be among his initial challenges.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NETFLIX INCORPORATED, RGM ARTISTS PTY LTD, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, MEDIA VENTURE PARTNERS PTY LTD, SOUTHERN STAR CORPORATION, NINE FILMS AND TELEVISION PTY LTD, TEN NETWORK HOLDINGS LIMITED – ASX TEN

Marks set to replace Gyngell at Nine

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Original article by Dominic White
The Australian Financial Review – Page: 29 : 2-Nov-15

Nine Entertainment Company is expected to announce that Media Venture Partners MD Hugh Marks will succeed CEO David Gyngell. Marks is a director of Nine, and his previous roles in the media industry include CEO of Southern Star and director of Nine Films & Television. Nine is also believed to be keen to retain Gyngell’s services in some capacity, which could include becoming a director or a consultant to the media group.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE FILMS AND TELEVISION PTY LTD, NINE NETWORK AUSTRALIA LIMITED, MEDIA VENTURE PARTNERS PTY LTD, SOUTHERN STAR CORPORATION, NETFLIX INCORPORATED, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, RGM ARTISTS PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL

Medibank in sights after shock CEO exit

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Original article by Tim Binsted
The Australian Financial Review – Page: 23 & 30 : 22-Oct-15

Some eight per cent of Medibank Private shareholders voted against the health insurer’s remuneration report at its 2015 AGM. Meanwhile, Kieren Chidgey of Deutsche Bank has expressed surprise over the sudden decision of Medibank CEO George Savvides to step down in March 2016. A number of investors have said they should have been consulted about the departure of Savvides, who has been CEO for 14 years.

CORPORATES
MEDIBANK PRIVATE LIMITED – ASX MPL, DEUTSCHE BANK AG, VGI PARTNERS PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG

ANZ signals push into NSW home lending

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Original article by Jonathan Shapiro, James Eyers
The Australian Financial Review – Page: 1 & 11 : 12-Oct-15

Increasing its share of the home loan market in New South Wales will be a priority for the ANZ Bank under new CEO Shayne Elliott, who will succeed Mike Smith in early 2016. Elliott also says the growing shift to the use of mobile devices for banking represents both a challenge and an opportunity for the banking sector in terms of engaging with customers. Meanwhile, ANZ chairman David Gonski says the group will review its Asian strategy under Elliott.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, ST GEORGE BANK LIMITED, PT PANIN BANK, AMBANK BERHAD, BANK OF TIANJIN COMPANY LIMITED, SHANGHAI RURAL COMMERCIAL BANK, MACQUARIE GROUP LIMITED – ASX MQG, ESANDA FINANCE CORPORATION LIMITED

Chairman, CEO quit 7-Eleven board

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Original article by Adele Ferguson, Sarah Danckert
The Australian Financial Review – Page: 4 : 1-Oct-15

Former Australian Institute of Company directors chairman Michael Smith will succeed Russ Withers as chairman of convenience store group 7-Eleven. Withers and CEO Warren Wilmot resigned on 30 September 2015. Smith believes that the problem of wage fraud is more far-reaching than just at 7-Eleven, and he favours an amnesty for international students who have been caught up in the scandal. He also suggests that visa rules could be changed to allow them to work for more than 20 hours a week.

CORPORATES
7-ELEVEN STORES PTY LTD, AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, FAIRFAX MEDIA LIMITED – ASX FXJ, AUSTRALIAN BROADCASTING CORPORATION

Iain Nairn leaves DJs abruptly, citing personal reasons

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Original article by Matthew Drummond
The Australian Financial Review – Page: 1 & 8 : 1-Oct-15

David Jones CEO Iain Nairn has declined to comment on his resignation after just over 12 months in the role. He will remain at the department store group during a three-month transition to new CEO John Dixon, who was previously an executive at Marks & Spencer in the UK. A spokeswoman for David Jones’s parent company, South Africa-based Woolworths Holdings, has refuted speculation that Nairn’s resignation was linked to an audit of expense accounts.

CORPORATES
DAVID JONES LIMITED, WOOLWORTHS HOLDINGS LIMITED, MARKS AND SPENCER PLC, COUNTRY ROAD LIMITED, CITIGROUP PTY LTD

Ten CEO exit clears way for Foxtel

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Original article by Dominic White
The Australian Financial Review – Page: 1 & 8 : 28-Jul-15

Ten Network COO Paul Anderson will succeed Hamish McLennan as CEO. McLennan has also stepped down as executive chairman in favour of an independent replacement, David Gordon. The departure of McLennan as executive chairman could increase the chances of Ten’s equity deal with Foxtel being approved by the Australian Competition & Consumer Commission, as he has strong links with the Murdoch family. SMI data shows that Ten’s share of advertising revenue was 23.1 per cent in June 2015.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, MULTI CHANNEL NETWORK PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, FREEHILLS PTY LTD, SMI MEDIA INCORPORATED

Seven Group new boss set to take helm

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Original article by Max Mason
The Australian Financial Review – Page: 20 : 23-Jun-15

Seven Group Holdings’ incoming CEO Ryan Stokes will receive an annual salary of $A1.6m when he succeeds Don Voelte in July 2015. Stokes has been an executive director of the conglomerate since 2010, and became COO in 2012. His remuneration also includes both short- and long-term incentive plans. Voelte revealed his intention to step down in April.

CORPORATES
SEVEN GROUP HOLDINGS LIMITED – ASX SVW, SEVEN WEST MEDIA LIMITED – ASX SWM, WESTRAC HOLDINGS PTY LTD

Davis ready to take APN reins

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Original article by Max Mason
The Australian Financial Review – Page: 29 : 22-Jun-15

Australian Radio Network (ARN) CEO Ciaran Davis will succeed Michael Miller as CEO of parent company APN News & Media. ARN recruited Kyle Sandilands and Jackie Henderson for the rebranded KIIS radio station during Davis’s five-year tenure as CEO. Meanwhile, Miller will become executive chairman of News Corp’s Australasian division.

CORPORATES
APN NEWS AND MEDIA LIMITED – ASX APN, AUSTRALIAN RADIO NETWORK PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, KIIS1065, MIX-FM, 2DAY FM AUSTRALIA PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL

Woolies investors fear more pain before gain

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Original article by Sue Mitchell
The Australian Financial Review – Page: 1 & 12 : 19-Jun-15

Fund managers and shareholders are concerned about the possible actions that will be taken by the successor to Woolworths CEO Grant O’Brien in a bid to turn around its fortunes. These include reduced profit margins and asset writedowns. Ben Gilbert of UBS is concerned that Woolworths may seek to combat falling sales by instigating a grocery price war, while Sheridan Hure of Aurora Funds Management warns that Woolworths’ shares may keep falling.

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, UBS HOLDINGS PTY LTD, AURORA FUNDS MANAGEMENT LIMITED, ALPHINITY INVESTMENT MANAGEMENT PTY LTD, COLES SUPERMARKETS AUSTRALIA PTY LTD, ALDI STORES SUPERMARKETS PTY LTD, NIKKO ASSET MANAGEMENT GROUP, EGON ZEHNDER INTERNATIONAL, STANDARD AND POOR’S (AUSTRALIA) PTY LTD, BIG W DISCOUNT STORES, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, DEUTSCHE BANK AG, MERRILL LYNCH (AUSTRALIA) PTY LTD