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Australia's Seven West Media changes leadership following CEO's exit

Seven West Media Ltd. CEO Tim Worner has stepped down from his position.

Chairman Kerry Stokes said in an Aug. 16 news release that Worner has been a leader at the company for over two decades and CEO for the past six years, but "all parties agree now is the time for change."

James Warburton, a former chief executive of rival broadcaster Network Ten Pty. Ltd. and advertising services provider APN Outdoor Group Ltd., was appointed to take the reins at the Australian company effective immediately. He was named CEO and managing director of Seven West Media.

Worner's leadership at Seven West Media was tainted by his affair with a former executive assistant and the court action that followed, according to ABC News.