ABC-Australia Managing Director resigns: (20-Jan-06) The Australian Broadcasting Corporation (ABC) Chairman, Donald McDonald, today announced that the corporation's Managing Director, Russell Balding, has resigned from the ABC to take up a position at the Sydney Airport Corporation. Mr Balding will be leaving the ABC towards the end of March 2006. In the meantime, he will be working on ensuring optimal results from the current Funding Adequacy and Efficiency Review and the Corporation's Triennial Funding Submission to government. Mr McDonald said the board regrets that Mr Balding has decided to leave the organisation a year ahead of the conclusion of his current five-year contract. "The ABC Board appreciates the outstanding contribution Mr Balding has made to the Corporation since 1996, in particular as Managing Director from late 2001," Mr McDonald said. "Under his executive leadership, the ABC has consolidated its role as the national broadcaster, making great progress in a rapidly evolving digital environment. The Board wishes Mr Balding further success in his new role." Mr Balding said that the decision has been difficult as his time at the ABC had been the most challenging and rewarding in his professional career. "However, I believe the ABC I am leaving is in good shape, is in good spirits, and is well positioned for continuing success. In the face of strong competition for the attention of Australians the ABC remains a highly relevant part of our national infrastructure, and a critical player in Australia's media and cultural sector," Mr Balding said. Russell Balding has been the ABC's Managing Director since May 2002, although he acted in the position from November 2001 following the departure of the previous Managing Director. He originally joined the ABC as its Chief Financial Officer in early 1996. The ABC Board will immediately commence the recruitment process to select a new Managing Director, Mr McDonald said. (ABU Wesite)
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