Peter Lewis expected to resign from SCA after one month in new job

Southern Cross Austereo is expected to announce today that its new CFO Peter Lewis has resigned, after just one month in the job.

The reason for the resignation, according to a report in The Australian, is not yet known.

UPDATE: The resignation has just been confirmed in a statement to the stock exchange – see our update report.

Lewis was recently criticised by ABC Friends for conflict of interest, after taking on the SCA role so soon after getting access to behind the scenes corporate data about the ABC and SBS, as part of his review of the national broadcasters.

SCA announced a profit downgrade in May, announcing that profits are expected to be down by at least 10%.

Tags: | | |