Hugh Marks will become the CEO of Australia’s Nine Entertainment, parent company to the Nine network, following David Gyngell’s decision to step down.
Gyngell served as CEO for eight years and will remain on the board as a non-executive director.
Marks, who has been on the company’s board since 2013, runs the talent agency RGM Artists and has interests in several independent production companies. He also spent seven years as CEO of Southern Star Group.
As a result of the appointment, he will cease his involvement in other businesses, Nine said in a statement.
“I have great regard for Hugh Marks. He’s got the experience, he’s got skin in the game, he knows the industry so well and he’s very well regarded,” Gyngell said in a statement. “Hugh was an obvious selection as CEO and I believe he’ll do a stellar job. For my part, it’s time. I always say Nine is part of my DNA, and it’s true.”
“I come to the business and this role at a time when new platforms and business models for content are achieving reach and scale,” said Marks. “It will be a challenge to find the right path but I believe we have the best team, the assets and ideas to do it.”