Seven West Media CFO Resigns

January 5, 2015 World Screen Top Stories
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MELBOURNE: Dave Boorman, the chief financial officer of Seven West Media, has announced his resignation, with deputy CFO Warwick Lynch taking over in an acting post.

Lynch moves to acting CFO until an official replacement has been named.

Tim Worner, the CEO of Seven West Media, commented: “It is with regret that I announce the resignation of Chief Financial Officer Dave Boorman. Dave has achieved much in the time he has been with us, executing changes in procurement and the company’s debt structure, as well as assessing our new business strategic options and driving the cost program across our operating businesses. I wish to thank him for the way he has gone about achieving so much, which is with enthusiasm, focus and respect.

“We appreciate the work of a true business professional and excellent CFO and it goes without saying that we wish him every success in the next phase of his career.”

Kerry Stokes, the chairman of Seven West Media, said: "Dave has been an excellent contributor during his time with us, bringing improvements across many aspects of the business and impressing us with his approach. The Board and I are sorry to see him go and we wish him well for the future."