The Nine Network faced a wall of criticism following Lisa Wilkinson's shock departure from popular morning program, The Today Show, after the network failed to grant pay parity with her male co-host, Karl Stefanovic.
Now, CEO Hugh Marks say he has 'no regrets' about letting the vereran journalist walk away.
'I don't regret it at all. It was exactly the right decision for us to make,' Marks told The Daily Telegraph.
Hugh's maintains his claims that Lisa's pay demands weren't viable, given that she had other commercial contracts with rival companies that restricted their complete access to her.
'We got to the point where for the level of work she did for the rights that we were able to access for Lisa, we weren't able to come to a commercial agreement,' he further explained.
Following the 57-year-old's shock resignation, Nine received an overwhelming storm of criticism, including accusations that the network was a 'boys club.'
However, Hugh vehemently denied that Lisa's inability to secure as much money as Karl had anything to do with her gender.
Looking forward, the high-powered CEO stated he has several candidates to replace the former Today Show star, with an announcement due in the next two weeks.
Speaking of potential replacements at Nine, Marks said: 'When you have that depth of talent and you come to a discussion like Lisa Wilkinson, you have to eventually go, 'actually we can't agree there, but we've got three or four, five, six, seven other options.'
It's believed the current front-runner for the lucrative role is Weekend Today's Deborah Knight, who has been temporarily filling in opposite Karl.
However, recent reports have 60 Minutes star Allison Langdon listed as a hot contender.