Nine Entertainment’s CFO Paul Koppelman is leaving the company for personal reasons.
In a note to employees Paul said, “My decision to stand down from my role at Nine is a deeply personal one and a time when I have had to put my family before my career.
“I have loved my time at Nine and it is a business I will continue to follow and enjoy from the outside, I wish Hugh and the team all the best and much success.”
Nine CEO, Hugh Marks, told staff , “We are sad to see Paul go but understand that he needs to put his family first.”
Graeme Cassells, currently Group Financial Controller, takes on the role of acting CFO as Nine moves into upcoming FY20 results in August.
At this stage Nine is expecting to report Group EBITDA (pre Specific Items and post AASB16) in the range of $390m-$410m for its continuing businesses.
Wholly owned net debt at 30 June, 2020 is expected to be c$300m.