Mike Sneesby steps down as Nine CEO
Nine has announced that Mike Sneesby will step down as chief executive officer and as a director on the Nine Board, with effect from 30 September 2024.
Chief finance and strategy officer, Matt Stanton, has been appointed as acting CEO.
Sneesby’s resignation comes after a raft of issues at the beleaguered network, including multiple sexual harassment claims against senior executives, a current third-party investigative into Nine’s workplace culture, and the recent axing of 200 staffers. Following this, Sneesby departed the country for Greece on the same day he informed staff of the cuts – leading to a five-day strike at Nine papers, which began on the eve of the Olympics.
As a staff member, there has been plenty of joy internally at this news. Faceless and nobody aligned to his vision or took his internal communication seriously.
Has destroyed the brand and what a terrible tenure,
Mr Sneesby was also responsible for the redundancy of more than 100 staff after the 5-year partnership with SCA regional TV stations… Millions were spent on studio upgrades and hiring staff from Cairns to Ballarat for it all to be shut down when Nine got back in bed with WIN. Regional News was only on air for 4-years… The company tried to sack all of this staff in the middle of the pandemic – luckily for the regional based staff, SCA held Nine to contract.
Great to see the people that at the very least condoned the horrendous behaviour our industry has seen continue to fall. Just a shame he gets to try and leave with his head held high
Will be studied for years in PR of how not do CEO Comms. The Paris doorstop by Channel 7 was gold. Sneesby stunned.
You haven’t seen the last of me!
(insert Skeletor laugh)
Shameful tenure. Should have been Janz. West needs to clean out the rest of Sneesby’s Mensa Inc. cronies before share dives further.
What a tenure.
1) No pre-planning on Meta, leading to huge redundancies
2) Oversaw huge cultural issues in TV leading to huge external review
3) Departure of Darren Wick
4) Emailed staff to say there would be redundancies, didn’t hold a single in person meeting, heading to Greece for a holiday the next day
5) Strikes looming- stays in 1500 AUD plus a night hotel in Paris and carries Olympic torch, flying Scotty Cam out too
6) Shareprice lower than a snake’s belly
Absolute disaster
A walking punchline to all that worked with him.