Gina Rinehart Resigns As A Director Of Ten Network

Gina Rinehart Resigns As A Director Of Ten Network
SHARE
THIS



Gina Rinehart had tendered her resignation as a director of the TEN Network effective October 31, 2014.

Rinehart has recommended John Klepec to take her place as a director.

Klepec had increasingly attended board meetings on 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. Rinehart said she enjoyed working with the management of TEN and wished the board and its staff all the best.

In accepting her resignation, TEN’s executive chairman and managing director, Hamish McLennan, warmly thanked Rinehart for her contribution and support as a director of the company since December 2010 and acknowledged her continued support and ongoing active interest as a substantial shareholder. McLennan said: “It has been a very great pleasure working with Mrs Rinehart and I have appreciated her commitment and our discussions. I look forward to her ongoing involvement.”

The company also announced that John Klepec has been appointed as a director following the resignation of Rinehart. Klepec joins the Board as a nominee of Hanrine Investments Pty Limited.

Klepec is the chief development officer for Hancock Prospecting Pty Ltd (since 2009) and has also been Rinehart’s alternate director on the TEN Board since October 16, 2013.

McLennan welcomed the appointment of Klepec, as the representative of Hancock Prospecting.

“John has a wealth of experience in the business development area, having served with BHP Billiton Limited, Mayne Group Limited and the BGC Group, prior to his current appointment with Hancock Prospecting,” said McLennan.

“We welcome John to the board and see his appointment as a director of the Board of TEN as providing continuity following his role as an alternate director for Mrs Rinehart at TEN.”

Please login with linkedin to comment

Chrysler TV

Latest News

Clemenger BBDO’s ‘Exceptions To The Rule’ Recruitment Program Now Open
  • Advertising

Clemenger BBDO’s ‘Exceptions To The Rule’ Recruitment Program Now Open

The annual search for Australia’s best and brightest talent has launched today through Clemenger BBDO’s ‘Exceptions to the Rule’ program, with applications open for placements across Clemenger BBDO Melbourne and Sydney. ‘Exceptions to the Rule’ is a commitment to the agency’s belief that the future leaders of the creative industry aren’t solely coming through traditional […]

The Six Types Of Meetings People Despise
  • Media

The Six Types Of Meetings People Despise

Donna McGeorge (pictured below) is a speaker, author and mentor who helps people make their work work. She is also author of The 25-Minute Meeting: Half the Time, Double the Impact. In this guest post, McGeorge says most of us despise the office meeting and here’s the six worst types… I once heard a very senior leader […]

Opinion

by B&T Magazine

B&T Magazine
Mango Melbourne Announces Three New PR & Event Hires
  • Marketing

Mango Melbourne Announces Three New PR & Event Hires

Mango Melbourne, part of the DDB Group, has welcomed three new team members following recent business growth. Carol Laws (right in photo), Janette Henstridge (left) and Maddie Poulson (middle) bring with them experience across PR and events, in sectors including consumer, retail, telecommunications and fashion. An account director with previous roles at Kate & Co […]

Why Curiosity Matters In Leadership
  • Opinion

Why Curiosity Matters In Leadership

Corrine Armour (pictured below) is a leadership expert who helps leaders and organisations develop fearless leadership and deliver transformational results. Armour is also the author of Leaders Who Ask: Building Fearless Cultures by telling less and asking more. In this guest post, she asks are you a genuinely curious leader or just a judgemental one? Curiosity creates […]

Opinion

by B&T Magazine

B&T Magazine
Businesswoman hand connecting jigsaw puzzle, Business solutions, success and strategy concept
  • Media

Tealium Partners With The Lumery

Tealium, the leader in real-time customer data orchestration solutions, and The Lumery, a full-service customer experience agency, have partnered to bring to life the vision of a full MarTech ecosystem for Vocus Communications. Vocus recognised a huge opportunity for growth through the digitisation of their consumer brands. As such, Vocus has begun the process of […]

McCann Names New MD For Melbourne
  • Advertising

McCann Names New MD For Melbourne

McCann's new Melbourne MD is promising sweeping changes. Well, at the very least delicate carpet shampoo changes.