SCA chief financial officer Nick McKechnie resigns

Southern Cross Media Group Limited has announced the resignation of Nick McKechnie, the group’s chief financial officer, after eight years in the role.

The announcement:

Southern Cross Media Group Limited (ASX: SXL) (SCA) announces that Nick McKechnie has given notice of his resignation as chief financial officer. The search for a replacement is underway and Nick will remain with the business until a replacement has been appointed.

SCA CEO, Grant Blackley said: “Nick has made a significant contribution to SCA since joining as CFO in September 2014. He will leave the Group with a strong balance sheet and cashflow position which has enabled us to invest in our digital transformation strategy.

“On a personal note, I have valued Nick’s support and advice in my seven years as CEO, which have included the ongoing challenges presented by the COVID-19 pandemic. On behalf of the senior leadership team and everyone else at SCA, I wish Nick success in his new role as CFO of Gurner Group.”

Mr McKechnie said he had enjoyed his time at SCA. “After nearly eight years at SCA, I feel it’s the right time for a fresh challenge. I’m pleased to have been part of a collaborative leadership team at SCA that has built a constructive culture, and which has focused on building the capabilities and platforms to support the digital transformation of the business.”

With the assistance of Korn Ferry, SCA has commenced a search to appoint a new CFO and will make an announcement in due course.

Source: SCA