Gina Rinehart Resigns As A Director Of Ten Network

Gina Rinehart Resigns As A Director Of Ten Network

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

QUT Business School Launches “Make it Real” Via BCM Group
  • Campaigns

QUT Business School Launches “Make it Real” Via BCM Group

Queensland University of Technology (QUT) Business School has launched a new brand platform, developed by BCM Group, built to encourage prospective students to upskill, invest in themselves, and nurture their inner entrepreneur.

Making A Name For Your Brand In A New Market: Tips For Launching A Campaign Globally
  • Opinion

Making A Name For Your Brand In A New Market: Tips For Launching A Campaign Globally

Jacqueline Gonzales [featured image] is the Head of Global Marketing at Squarespace. In this piece, she shares her best pieces of advice for launching a campaign globally. It’s estimated that we see between 6,000 to 10,000 ads every single day. In today’s digital landscape we’re constantly bombarded by so many different brand messages from every […]


by B&T Magazine

B&T Magazine
Acast Announces New Podcast ‘The Elements’
  • Media

Acast Announces New Podcast ‘The Elements’

From the audio producer of The Teacher’s Pet comes The Elements, a new Acast Creator Network podcast hosted by Thredbo survivor Stuart Diver. The Elements is a  podcast that journeys into the heart of surviving a natural disaster and will be hosted and distributed by the creator-first podcast company Acast as part of the Acast Creator […]