Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Seven West Media Limited    SWM   AU000000SWM4

SEVEN WEST MEDIA LIMITED

(SWM)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 03/05
0.515 AUD   -6.36%
03/02FACEBOOK  : Hardball Move in Australia Comes With Risks
DJ
02/26Facebook switches news back on in Australia, signs content deals
RE
02/25Facebook switches news back on in Australia, signs content deals
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Seven West Media : announces leadersh...

08/15/2019 | 08:17pm EST

Seven West Media announces leadership succession

James Warburton appointed MD and CEO

Friday 16 August - Kerry Stokes AC, the Chairman of Seven West Media, today announced the appointment of James Warburton as the Managing Director and Chief Executive Officer of Seven West Media Limited, succeeding Tim Worner who has tendered his resignation. James will start as CEO of Seven West Media effective immediately.

"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."

James Warburton said: "I am delighted to be returning to Seven and I am excited about the opportunities that lie ahead to continue to build the business. The foundation of the business is a powerful combination of assets underpinned by outstanding content from Seven Studios, News and our partners in AFL, Cricket, horse racing and the Olympic Games."

The Chairman thanked Tim Worner for his contribution to the business over many years. "I know I speak on behalf of the Board and all of our people in thanking Tim for his hard work." he said.

"Our industry is more dynamic today than ever, experiencing rapidly evolving market conditions which continue to present us with challenges and opportunities. In reviewing the requirements for the company, the Board has been considering the right mix of skills and experience required to take advantage of opportunities and accelerate into its next phase of growth.

"Tim has been a tireless leader at Seven for more than two decades and has been Chief Executive Officer for the past six years. All parties agree now is the time for change. We are fortunate that James was available to commence immediately."

Tim Worner said he was proud of the team he leaves at Seven, a team that has delivered leadership in the television sector for 12 consecutive years. "I would like to thank Kerry and the Board for the opportunity they provided me, and their ongoing support and counsel," Mr Worner said. "It's with mixed emotion that I tender my resignation, however Seven - a company I love - is a very different company now from the one I joined 25 years ago. It's changed faster than ever in these last few years and that's down to the hard work of the best team in the business. I sincerely thank the team and I wish them absolutely nothing but continued success."

The Full Year Financial results presentation remains on the 20th of August. The company reaffirms guidance from the May 21st Trading Update.

For further information, contact:

Lauren Thompson +61 438 954 729

Seven West Media Limited ABN 91 053 480 845

8 Central Avenue, Eveleigh NSW 2015 Australia, Postal Address: PO Box 7077, Alexandria NSW 2015 Australia T +61 2 8777 7777 F +61 2 8777 7778

2

James Warburton Biography

Mr Warburton is Managing Director & Chief Executive Officer of Seven West Media Limited.

Prior to his appointment as CEO of Seven West Media (SWM), Mr Warburton was Managing Director and Chief Executive Officer of APN Outdoor where he led a significant transformation and turnaround at the company before departing in late 2018 when APN Outdoor was acquired by JCDecaux for a record valuation. Before his appointment to APN Outdoor, Mr Warburton was the Chief Executive Officer of Supercars for five years.

In this position, Mr Warburton drove significant growth in the sport and delivered unprecedented broadcast, sponsorship and funding deals. Mr Warburton has also held senior leadership roles at media buying company Universal McCann, he was Chief Digital and Sales Officer of the Seven Media Group, and he was the Managing Director and Chief Executive Officer of Network 10.

James Warburton

Key Terms and Conditions of Employment

Commencement Date

16th August 2019

Term

Appointment on an on-going basis subject to termination by either party (see termination and

notice below).

Total Fixed

$1.35m per annum inclusive of compulsory superannuation contributions and salary sacrifice

Remuneration

benefits.

Short Term Incentive

Eligible to receive a target STI of 100% of total fixed remuneration with a maximum STI

("STI")

opportunity of 150% of target STI for FY20, pro-rated for commencement date based on the

achievement of performance objectives determined by the Board in its absolute discretion.

Long Term Incentive ("LTI")

Eligible to receive an upfront LTI grant up to a maximum of $4.05m (equivalent to 3 years annual LTI grant of 100% of total fixed remuneration) of performance rights to acquire shares subject to relative TSR plus an internal individual measure that vests in accordance with the following schedule:

Tranche 1: 50% will vest subject to meeting performance conditions over a 3-year period (1 July 2019 to 30 June 2022) following the announcement of the FY22 results. Following vesting shares will be subject to a 1 year holding lock.

Tranche 2: 50% will vest subject to meeting performance conditions over a 4-year period (1 July 2019 to 30 June 2023) following the announcement of the FY23 results. Following vesting shares will be subject to a 1 year holding lock.

The LTI grant is subject to shareholder approval.

From FY23 onwards, the Company will revert to annual LTI grants equivalent to 100% of fixed pay.

Termination and

Termination by either party can be made with 6 months' notice (or payment in lieu), other than

where employment is terminated for misconduct, dishonesty, fraud, negligence or a serious or

Notice

persistent breach of contract, in which case Seven may terminate with no notice period.

Post-Employment

The agreement contains post-employment restraints which are usual for these arrangements.

Restrictions

Disclaimer

Seven West Media Limited published this content on 16 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2019 00:16:06 UTC


© Publicnow 2019
All news about SEVEN WEST MEDIA LIMITED
03/02FACEBOOK  : Hardball Move in Australia Comes With Risks
DJ
02/26Facebook switches news back on in Australia, signs content deals
RE
02/25Facebook switches news back on in Australia, signs content deals
RE
02/25Australian parliament passes media reforms after last-ditch changes
RE
02/24Australian parliament passes media reforms after last-ditch changes
RE
02/24Australia's antitrust chief claims victory after Facebook standoff
RE
02/23FACEBOOK  : Reaches Deal With Australia to Restore News -- 3rd Update
DJ
02/23FACEBOOK  : Reaches Deal With Australia to Restore News -- 2nd Update
DJ
02/23SEVEN WEST MEDIA  : and Facebook set u...
PU
02/22Facebook 'refriends' Australia after changes to media laws
RE
More news
Financials
Sales 2021 1 263 M 968 M 968 M
Net income 2021 137 M 105 M 105 M
Net Debt 2021 358 M 274 M 274 M
P/E ratio 2021 5,81x
Yield 2021 0,05%
Capitalization 792 M 618 M 607 M
EV / Sales 2021 0,91x
EV / Sales 2022 0,84x
Nbr of Employees 4 607
Free-Float 53,7%
Chart SEVEN WEST MEDIA LIMITED
Duration : Period :
Seven West Media Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SEVEN WEST MEDIA LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 0,55 AUD
Last Close Price 0,52 AUD
Spread / Highest target 35,9%
Spread / Average Target 6,80%
Spread / Lowest Target -18,4%
EPS Revisions
Managers and Directors
NameTitle
James R. Warburton Chief Executive Officer, MD & Executive Director
Jeffrey Peter Howard Chief Financial Officer
Kerry Matthew Stokes Chairman
David Evans Independent Non-Executive Director
John Henry Alexander Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SEVEN WEST MEDIA LIMITED56.06%660
DISCOVERY, INC.108.04%37 488
FOX CORPORATION34.24%22 475
NEXSTAR MEDIA GROUP, INC.32.36%6 270
TEGNA INC.29.39%3 965
NINE ENTERTAINMENT CO. HOLDINGS LIMITED25.86%3 937