Nine chair Peter Costello says departing CEO has been extremely successful for the company.
In the first comment since Marks resigned at the weekend, Costello said: "Hugh has been an extremely successful CEO for Nine, and has achieved so much in building the company in his time at the helm.
"The transformation of Nine to a multimedia and digital business has been all-encompassing and we now have an unreplicable suite of assets, fit to lead us through the digital age.
"We respect Hugh’s decision, allowing us plenty of notice to work through the next few months, and enable an orderly transition. We wish him well in all his future endeavours."
Costello's statement is included in a notifcation to the ASX of Marks' departure.
"Mr Marks will actively continue as group CEO as the board assesses its requirements and options, including the evaluation of both internal and external candidates, to take the company through the next stage of its development," says the statement.
Marks announced his resignation in an email to staff at the weekend.
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