Veteran broadcaster Tim Worner is taking the reins of Seven West Media on July 1, replacing former oil industry executive Don Voelte who has filled the CEO role for just under a year after David Leckie stepped down.
Worner, who has served as the company’s CEO, broadcast television, since 2011, will get $2.6 million per year plus performance-related cash and shares incentives of up to 50 per cent of his salary.
Voelte will become SWM's deputy chairman. Chairman Kerry Stokes said Voelte had always intended to remain as CEO in the short-term until a successor was named.
Stokes said of Worner, “He deserves it. He’s the right man for the job. He is an outstanding executive and has played a key role in Seven’s success.”
Worner takes charge of Seven’s three TV channels, The West Australian, Pacific Magazines and the Yahoo!7 joint venture. He began his career as a reporter with Seven News in Perth before moving to head of sport for the network in Melbourne. He was appointed director of programming and production in 2002.