Tim Worner has resigned with immediate effect as Seven West Media’s chief executive after six years in charge.
“All parties agree now is the time for change,” chairman Kerry Stokes said in a statement.
His replacement as CEO and managing director is James Warburton, who is stepping into the role immediately.
Mr Warburton is a former APN Outdoor chief executive who was also chief digital and sales officer at Seven Media Group.
The announcement from Mr Stokes said Mr Warner had “tendered his resignation” and it was accepted.
“This is an exciting time for Seven as we welcome James back to the company,” Mr Stokes said.
“James has extensive experience in the industry with knowledge across media, advertising, sports administration, marketing and particularly sales. His passion and energy will reinvigorate the team.
“We look forward to the contribution he will make.”
Mr Warburton said he is “delighted” to be returning to Seven, and “I am excited about the opportunities that lie ahead to continue to build the business.”
In 2017 an investigation cleared Mr Warner of explosive misconduct allegations made by a former employee with whom he had an affair.
An independent review of allegations of credit card misuse, drug use and vindictive behaviour, made by former executive assistant Amber Harrison, concluded the claims were not supported.
More to come.
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