Domain Holdings Australia (ASX:DHG) appoint Nine CEO to their board

Company News

by Rachael Jones

Domain Holdings Australia (ASX:DHG) today announced the appointment of Hugh Marks and Lizzie Young as Non-Executive Directors of Domain.

Hugh is Chief Executive Officer of Nine Entertainment Co Holdings (ASX:NEC), Domain’s majority shareholder, and will be a non-independent Director on Domain’s Board.

Lizzie Young is Managing Director, Commercial Partnerships at Nine and will also be a non-independent Director.

The appointment of the Nine nominated executives to Domain’s Board reflects Nine’s substantial 59 per cent shareholding in Domain.

Mr Marks and Ms Young will be replacing non-independent Directors, Patrick Allaway, who is a Director on the Nine Board and Gail Hambly, who was a senior executive with Fairfax Media Limited prior to its merger with Nine.
Shares in Domain Holdings Australia (ASX:DHG) are trading 0.5 per cent lower at $3.88.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.