Southern Cross CEO Jeff Howard exits on eve of results
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The news: Jeff Howard has suddenly stepped down as chief executive and managing director of Southern Cross Media, effective immediately, according to an ASX filing on Monday evening.
The context: Southern Cross did not provide an explanation behind Howard's departure which came just one month after he took the post following the broadcaster's merger with the Stokes family’s Seven West Media.
It also comes days after Kerry Stokes resigned from the Seven West board.
The Southern Cross Group said the board has appointed an executive search firm to undertake a global search for Howard's replacement.
The board also announced that Scott Butterworth has been appointed the group's CFO.
Howard's exit falls one day before the company is due to release first half results for FY26.
What they said: Southern Cross interim executive chairman Heith Mackay-Cruise said: "As the company accelerates the delivery of its strategy, SCA's newly constituted board has determined it is the appropriate time to appoint new leadership to take the group forward and execute on our plans."
The source: ASX
