ABC finance guru Alan Kohler announces retirement

Financial journalist Alan Kohler, a long-time fixture on the ABC's nightly news program, announced his retirement on Wednesday after three decades with the public broadcaster. Kohler, now 74 years old, will bid farewell to his role as the ABC's esteemed financial commentator in December. The veteran broadcaster has been presenting finance analysis on the ABC for nearly a quarter of a century, signing off his segments with the signature phrase, "And that's finance."

Kohler expressed his gratitude for his time at the ABC, stating that he has always loved the organization and finds it hard to imagine it not being part of his life anymore. The primary reason for his retirement is to spend more quality time with his family, including the six grandchildren that have recently entered his life. Financial matters have always been a passion for Kohler, and he will be missed by many, as acknowledged by Treasurer Jim Chalmers.

Chalmers, in a public statement, praised Kohler's immense contribution to the ABC and the nation's economic commentary. Chalmers noted that Kohler's ability to simplify complex economic issues has been invaluable, and his departure will be deeply missed. The treasurer expressed hope that Kohler would continue to contribute to economic discourse in Australia, even after leaving the ABC.

During the COVID-19 pandemic, Kohler brought a touch of personality to his broadcasts by showcasing his creatively decorated home studio, featuring a rotating display of books and a single houseplant. Kohler's career in media spans half a century, during which he held key roles in various publications, including founding the Eureka Report and Business Spectator online platforms.

The ABC's Managing Director, Hugh Marks, lauded Kohler's extraordinary impact on the organization, highlighting his skill in making complex economic issues accessible, clear, and engaging.

The new news director at the ABC, Simon Robinson, confirmed that Kohler would remain connected to the network, offering his insights and ideas for future projects. However, the broadcaster faces the challenge of selecting a suitable successor for Kohler's role on the 7pm bulletin, which they intend to announce in the coming weeks. Kohler's retirement marks a significant moment in Australian media, and his legacy as a financial guru and beloved broadcaster will be fondly remembered.