Southern Cross Media will have its third chair in six months since taking over one of Australia’s most well-known media companies, Seven West Media this year after Heith Mackay-Cruise announced his intention to resign on Monday morning.
The newly merged company, which includes Triple M, the Seven Network and The West Australian, appointed Rohan Lund as its chief executive in April, marking both significant board and executive turnover in a matter of months.
Teresa Dyson, who joined Southern Cross’ board this year after eight years on Seven West’s board, has been appointed chair-elect. Kerry Stokes stood down from Southern Cross’ board in February, but his family maintains a 20 per cent stake in the company, and his son, Ryan Stokes remains on its board.
Mackay-Cruise, previously chair of Southern Cross before the merger, had taken over as executive chair in the interim after Seven West Media boss Jeff Howard exited the company six weeks after taking over.
On Friday, Southern Cross shareholder Sandon Capital lodged a request to remove a number of the company’s directors, including Mackay-Cruise.
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Calum Jaspan is a media writer for The Sydney Morning Herald and The Age, based in Melbourne. Reach him securely on Signal @calumjaspan.10Connect via X or email.From our partners
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