SCA chairman Peter Bush to retire after five years on the board

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Peter Bush has resigned from his post as chairman of Southern Cross Austereo.

The veteran executive will retire as a director at this year’s annual general meeting on October 30, along with fellow board member Leon Pasternak, who also plans to step down.

Bush first joined the board in March 2015, saying the opportunity to join SCA was “irresistible”. He appeared on Radio Today’s annual list of radio’s most influential people in 2018 and again in 2019.

Bush is succeeded by Rob Murray, the former CEO of food and beverage business Lion and chair of Metcash, who joined SCA as an independent non-executive director back in September 2014.

In a statement issued to the ASX Thursday (August 20), Murray thanked Bush for his leadership.

“During his time, he has built a cohesive and collaborative team with a suitable range of expertise and experience to help the company navigate the current challenges and rebound as the recovery phase begins,” Murray said in a statement.

Bush is a past Commodore of the Cruising Yacht Club of Australia and headed the inquiry into the storm-ravaged 1998 Sydney to Hobart Yacht Race.

SCA also announced that the board has appointed Carole Campbell as a non-executive director. She joins on September 1 and will be a member of the board’s Audit & Risk Committee.

In the ASX update, SCA said it expects to “announce further updates on the board’s succession planning” at or before the upcoming AGM on October 30.

SCA will also release its end of financial results today with a positive EBITDA expected.

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