Klepec is the Chief Development Officer for Hancock Prospecting Pty Ltd (since 2009) and has also been Mrs Rinehart’s alternate director on the Ten board since October 16, 2013. Joined Brambles as a Non-Executive Director in July 2014. by All rights reserved. endstream endobj 10 0 obj <> stream “The company continues to be grateful to Lachlan Murdoch for his commitment in the role of acting CEO during this period and for bringing James Warburton to Ten,” he added. That was followed by a separate announcement of Warburton’s poaching from the Seven Media Group. About Our Ads 5 0 obj <> endobj 41 0 obj <>/Encrypt 7 0 R/Filter /FlateDecode/ID [(\272\356hb\177P\344\332\325\201\342\214l_\366b) (\272\356hb\177P\344\332\325\201\342\214l_\366b)]/Index [5 37]/Info 3 0 R/Length 89/Prev 172914/Root 6 0 R/Size 42/Type /XRef/W [1 3 1]>> stream He’ll be paid an annual salary of AUS$2.2 million ($2.22 million), with performance incentives equal to 50% of his salary. At the same time, regional pay-TV player Austar said it is the target of a possible buyout by rival Foxtel. Ƥ� �{ ����g\��O'��J��3I�H����m�!�K[����U���m}pK! i���Eq��E�f����i��25�� Announcing Warburton’s appointment, Ten chairman Brian Long said Warburton “is a high caliber media executive with an enviable track record in television and digital media sales. The board recommended her alternate director, John Klepe take her place as a director. �K�C�I ���d��:�J\�� Previously, Mr McLennan was Global Chairman and CEO of Young & Rubicam, part of WPP, one of the world’s largest communications services group. Privacy | Sitemap | "It's fair to say that the interests of free-to-air television, such as Channel Ten, are at times quite contrary to the interests of the pay-TV industry.". CHANGES TO TEN’S BOARD OF DIRECTORS Ten Network Holdings Limited (ASX:TEN) (“TEN” or the “Company”) today announced changes to its Board of Directors. 2:58 AM PST 3/2/2011 McLennan said: “It has been a very great pleasure working with Mrs Rinehart and I have appreciated her commitment and our discussions. Packer’s departure from the board comes just four months after he became a shareholder and director. "Whether other directors on the board had concerns -- only they would know -- but quite clearly with today's news that Foxtel is bidding for, or is likely to bid for, Austar does rather imply that there is a shift or an intended shift in that direction," he speculated. From 2002, Mr Falloon spent nine years as Executive Chairman and CEO of Ten Network Holdings. He was Executive Chairman and Chief Executive Officer of Ten Network Holdings until July 2015 and, before that, Executive Vice President, Office of the Chairman, at News Corp. x�cbd```b``�"3��$0�LF�Hf;0{����@���T� q����%}�a`�+���E�-�|[���by ��� ;������*Z�,QDD_B���Fde~_�h��KE��ݼ����'Yv��Mޝjw������fs�e'���%�]#3��mr-�֥F̈)jo�>�Ǩ4��k���Ԍ8�� �VKj�_�3��cPR�b�9���|�;��3���@�u����o�o�o{|[�@mD������4a,>cL1��]a�m�. Murdoch added, “I know James well and I also know he will lead this business with great success.”. The organizational chart of Network Ten displays its 27 main executives including Carla Webb-Sear, Rod Prosser and Stuart Thomas × We use cookies to provide a better service. The board of Ten Network Holdings Limited today announced that Mrs Gina Rinehart had tendered her resignation as a Director of Ten effective October 31, 2014. �^�HH��xH ��Ʀ����$�˻�1��~J��)N_�l��k��3-�f$Ƕ�M�K�̞@�K�}��^ ����ݑ��4?�ۅ�`�3�fwTkAqd�ꥆ\��ɹ:(e"Y�6�����yW! ��*Q{Ӏ��&����:��bRZ[�(4�A��_I�z%�#!��s�i������������B��S��K���� Hamish McLennan has been elected Executive Chairman, following the decision of Lachlan Murdoch, TEN’s existing Non-executive Chairman, to retire as Chairman and a Director. FACEBOOK 6oGO#�!ޘp��v�?+S��ZY�Z��T�@�0B��j Seven Media’s executive chairman and major shareholder. He is also the Deputy Chancellor and Fellow of the Senate at The University of Sydney. AdNews.com said the emerging view on Warburton’s rise to the top at Ten is that he has the ad market worked out, will know the investment community through his exposure at Seven Media Group, but will have a steep curve ahead in dealing with Hollywood studios. Klepec had increasingly attended board meetings on Mrs Rinehart’s behalf, given her expanding responsibilities in the Hancock Prospecting group, in particular, the financing and development of The Roy Hill Project, currently one of the largest construction undertakings in mainland Australia. Terms of Use | In accepting her resignation, Ten’s Executive Chairman and Managing Director Hamish McLennan warmly thanked Mrs Rinehart for her contribution and support as a director since December 2010 and acknowledged her continued support and ongoing active interest as a substantial shareholder. It gets better -- all these events may be connected. | Cookie Settings. %PDF-1.5 %���� The board recommended her alternate director, John Klepe take her place as a director. In November 2010, Packer mounted a raid on Ten acquiring an 18% stake, sold half of that to Lachlan Murdoch, wrangled two board seats for himself and Murdoch, engineered the departure of longtime executive chairman. endstream endobj 8 0 obj <>/Rotate 0/Type /Page>> endobj 9 0 obj <>/Subtype /Form/Type /XObject>> stream Warburton joins Ten on July 14, meaning Murdoch will remain as interim CEO until then. q���^���h�r2��Z d_������DI�����P��/���c�,p���� 7@�)pD�pf�}�Cf�eU��|�6n{% We are acknowledged as having the best management team in media – with great people in key roles at Seven, Pacific Magazines and Yahoo!7.”, Ten also announced that group chief financial officer, Packer’s departure from the Ten board caps a tumultuous four months for the commercial broadcaster. The company also announced that John Klepec has been appointed as a director following the resignation of Mrs Rinehart. “We’re sorry to lose him. SYDNEY -- James Packer has resigned suddenly from the board of directors of Ten Network Holdings, which appointed rival Seven Network's chief digital and … TWITTER Mr Falloon holds a Bachelor of Management Studies (BMS) from Waikato University in New Zealand. BhJ����f���Vs�(� ߐ���&�$��$8��xa�v��:��Ag��JM�.����+����4��2��� Klepec joins the board as a nominee of Hanrine Investments Pty Limited. Pip Bulbeck endstream endobj 11 0 obj <> stream Others however are citing Murdoch’s role in luring Warburton to Ten, the third-ranked commercial broadcaster here, from Seven, the number one, possibly creating friction between the allies, or that Packer could be engineering a larger corporate play. Separately, Packer holds 45% of Consolidated Media Holdings, which owns 25% of Foxtel and 50% of Fox Sports parent Premier Media Group. This field is for validation purposes and should be left unchanged. © 2020 The Hollywood Reporter :vB��5�?/>��o By continuing your navigation, you consent to their use. Packer retains a 9% stake in Ten alongside interim CEO. The Hollywood Reporter, LLC is a subsidiary of Prometheus Global Media, LLC. Previously, Brian was a Non-Executive Director of OneMarket Limited, Commonwealth Bank of Australia, at which he was Chairman of its Audit Committee, and Ten Network Holdings Limited. endstream endobj startxref 0 %%EOF 6 0 obj <> endobj 7 0 obj <> endobj 39 0 obj <> stream Change to the board of directors RFG HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2012/074392/06) JSE share code: RFG ISIN: ZAE000191979 (“RFG”) CHANGE TO THE BOARD OF DIRECTORS In compliance with the JSE Limited Listings Requirements, the following information is disclosed: RFG is pleased to announce the appointment of Ms S Maitisa as an …