M&A lawyer David Gordon tipped to become independent chair of the Ten Network

Ten Logo 3D High ResFormer mergers and acquisitions lawyer David Gordon is being tipped to take the soon to be created independent chairman’s role on the board of the Ten Network.

The Australian Financial Review’s Street Talk section reports Gordon, a former mergers and acquisitions partner at Freehills, is a “near certainty” to become the chair following the decision to split the role from the CEO’s position earlier this year.

A spokesman for Ten this morning played down the speculation noting Ten will announce the position only when an appointment is confirmed.

Ten split the role of CEO and chairman following the recent deal with Foxtel which saw the company take a 15 per cent stake in the TV network. 

Under the deal the Ten board was reduced to six directors; three from existing major shareholders, two independent directors, including the chairman, and one from Foxtel.

Ten CEO Hamish McLennan has been executive chairman of the board since major shareholder Lachlan Murdoch stepped down as chair of TV network in 2014. 

Nic Christensen 


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