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Two female directors exit Nine board

Elizabeth Gaines and Holly Kramer have both tendered resignations from the Nine board.

Two of Nine’s three female board directors have resigned from Nine Entertainment Co. Holdings Limited.

Elizabeth Gaines and Holly Kramer (pictured) have both tendered their resignations, with effect from 3 February 2017.

This leaves Chairman Peter Costello, former Nine chief executive David Gyngell, current chief executive Hugh Marks and former Sky Plc executive Catherine West.

Ms Gaines’ retirement follows her appointment to the role of Chief Financial Officer of Fortescue Metals Group Limited while Ms Kramer has retired to allow her to restructure her board portfolio.

Peter Costello said “Holly and Elizabeth have both been valued members of the board of Nine Entertainment during their time as directors. They have also made significant contributions as the Chair of the People & Remuneration Committee and Audit & Risk Committee respectively. I thank each of them for their excellent contribution as directors and wish them both much success in their future endeavours.”

Nine indicates the Board has commenced a search for replacements.

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