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Bridget Carter

Nine Entertainment close to appointing new CFO, two contenders short-listed

Bridget Carter
Channel 9 chief finacial officer Greg Barnes at Nine headquarters in Artarmon. Ryan Osland/The Australian
Channel 9 chief finacial officer Greg Barnes at Nine headquarters in Artarmon. Ryan Osland/The Australian

Nine Entertainment is believed to have launched a search for a new chief financial officer.

The move puts focus on whether current CFO Greg Barnes is about to depart the media company or shift to another role.

It is understood that two short-listed candidates are now said to be in the final running for the CFO role at the broadcaster and publisher.

It is understood that Nine (NEC) has hired recruitment firm Spencer Stuart to find a replacement and an announcement on the successful candidate could be imminent.

Mr Barnes joined Nine in 2016 as CFO after holding the same role at the listed building materials provider CSR for seven years.

Prior to working at CSR, Mr Barnes held senior finance roles with Dyno Nobel and De La Rue.

Speculation had been mounting that Mr Barnes would move out of the CFO role at the broadcaster following its $4bn merger with publisher Fairfax Media last year.

The expectation at the time was that David Housego was earmarked to take the job, but he passed away in May following a battle with cancer.

Bridget Carter
Bridget CarterDataRoom Editor

Bridget Carter has worked as a writer and editor for The Australian’s DataRoom column since it was launched in 2013, focusing on capital markets, mergers and acquisitions, private equity and investment banking. She has been a journalist for more than 18 years, covering a broad range of events and topics, including high profile court cases and crimes, natural disasters, social issues and company news.

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Original URL: https://www.theaustralian.com.au/business/dataroom/nine-entertainment-close-to-appointing-new-cfo-two-contenders-shortlisted/news-story/30e1604da15263b19e3c47078b639215