Lachlan Murdoch Appointed Chairman of Ten Network

February 10, 2012 World Screen Top Stories
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SYDNEY: Ten Network has elected Lachlan Murdoch as its chairman, while Brian Long shifts to deputy chairman and lead independent director.

Long, the current chairman, moves to a new role, and James Warburton, the company’s new CEO, is also joining the Ten board as managing director. Long said: “The board is pleased that Lachlan has agreed to accept the role of non-executive chairman. His extensive media experience will provide Ten with invaluable strategic leadership. As Interim CEO he reset Ten’s strategic vision and cost base and was instrumental in recruiting Ten’s new chief executive officer, James Warburton.”

“The board believes that the combined media capability of James Warburton as Ten’s chief executive officer and Lachlan Murdoch as non-executive chairman provides the best opportunity for value creation for all shareholders,” Long added.  

Murdoch said: “I look forward to working with the board and our new CEO to re-shape Ten and to improve its performance for the benefit of all shareholders.”

“I wish to thank Brian Long for his leadership over the past 12 months and for agreeing to accept the role of deputy chairman and lead independent director. As lead independent director, Brian will represent the views of the independent directors with the chairman, CEO and shareholders wherever appropriate.”

“As chairman, Brian instigated improvements in Ten’s board governance processes. These processes will continue to ensure good governance and transparency in management,” Murdoch concluded.