Costello said in a statement on Sunday evening: “The board has been supportive through the events of the last month and last few days in particular. But going forward, I think they need a new chair to unite them around a fresh vision and someone with the energy to lead to that vision for the next decade.
Costello was approached at the airport by Mendes on Thursday. The journalist began asking questions about Nine’s response to allegations of sexual harassment and bullying at the company.“After arriving at Canberra airport, the chairman was confronted by a journalist from the Australian. In the course of filming the chairman while walking backwards, the journalist collided with an advertising placard and fell,” the spokesperson said at the time.
“Last year the board engaged a search firm to identify potential new directors as part of renewal and succession plans. The board’s nominations committee will take this process forward. “The board wishes to thank Mr Costello for his contribution to Nine over more than a decade including eight years as chairman. Mr Costello played a key role in Nine milestones such as its successful re-listing on the Australian Stock Exchange in 2013, securing the landmark News Media Bargaining Code and the transformative merger with Fairfax Media.”
Costello said he had previously flagged retiring from the board after the July Olympics and before November’s annual general meeting but had pulled forward that timing.
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