Incoming Ten CEO Invests in Shares

SYDNEY: Hamish McLennan, who was recently announced as the incoming CEO of Ten Network, has purchased 3.13 million shares in the company.

McLennan spent nearly $1 million when acquiring the stake in Network Ten. He is due to formally take up his post on March 18.

McLennan said: “As I indicated in the statement to market on Friday regarding my appointment, I believe Ten is a great business. As a sign of my enthusiasm for Ten, I have personally invested in the company. I look forward to sharing in the future success of Ten.”