The move comes following the decision by the current CEO, Hugh Marks, to step down.
NEC Chairman Peter Costello paid tribute to Hugh Marks saying in 2015 he inherited a legacy television business with a market capitalisation of around $1.3 billion. Through the combined strength that came from the Nine-Fairfax merger, our current market capitalisation has grown to just over $5 billion.
Mike Sneesby was formerly the CEO of the Microsoft/Nine Entertainment e-commerce joint venture, Cudo, up until its sale in 2013.
He has been the CEO of Stan Entertainment since its inception.
Shares in Nine Entertainment Co. (ASX:NEC) are trading 0.49 per cent higher at $3.08.