MediaWorks chief executive Mark Weldon has resigned.
It's the end of a turbulent tenure during which several high profile TV3 staffers, including Hilary Barry and John Campbell, left.
• MediaWorks chief executive Mark Weldon quits
Mr Weldon was appointed MediaWorks chief executive in August 2014. Previously, he was the chief executive of NZX.
Mr Weldon had no background in media but, at the time, MediaWorks chairman Rod McGeoch said the appointment would help the company focus on a strategy to offensively pursue growth.
Mr Weldon has previously worked as an as an attorney in New York, and as senior adviser to CEOs at a number of Fortune 500 companies for McKinsey & Company.
Mr Weldon also represented New Zealand as a swimmer at the 1992 Summer Olympics in Barcelona, Spain. He competed in the men's 50 metre freestyle, the 4x100 metre freestyle relay, and at the 1990 Commonwealth Games in Auckland.
He has a Juris Doctor Degree from Columbia University, New York. He also holds a Diploma in International Law (Hons) from Columbia, a MCom (hons) in Economics and Bachelor degrees in Commerce and Arts from the University of Auckland.
Mr Weldon was made a companion of the Queen's Service Order in 2012 for services to the community and business after spearheading efforts to fundraise for Christchurch after its devastating earthquake in 2011.