Lachlan Murdoch becomes Ten chairman
Lachlan Murdoch has been appointed chairman of Ten, with CEO James Warburton joining the board.
Murdoch was Ten’s interim CEO until Warburton started work last month. He replaces Brian Long in the chairmanship.
The announcement appears to contradict Monday’s prediction that Murdoch would return to News Limited as chairman.
Long said in a message to the ASX: “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.”
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.”
Long will stay on the board as deputy chairman.
Tim Burrowes founded Mumbrella in 2008. He worked on Mumbrella until 2021. At various points he was editor, content director and editor-at-large.
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