Former Ten CEO Peter Viner steps down as a director of Ten Network Holdings
After more than a decade as a director of Ten Network Holdings, former Network Ten CEO Peter Viner has resigned.
His resignation comes after a number of changes at Ten: notably James Packer stepping down from the board last month following an announcement that Seven’s James Warburton was the new CEO.
Packer resigned only a few months into the job after he and acting CEO Lachlan Murdoch bought Ten stock. Murdoch was appointed acting CEO after Grant Blackley's contract was terminated in February.
Earlier this month, Murdoch slammed the company’s first-half net profit after it dropped 15.6 per cent.
Viner’s resignation is effective from this Sunday.
Ten Holdings chairman Brian Long paid tribute to the former CanWest Global Communications executive who was CEO of Ten between 1993 and 1997.
“During his term as CEO, Peter steered the Ten television business to financial stability and successfully repositioned it, forging its distinct reputation as a bold and innovative programmer,” Long said in a statement.
“As a director, he has provided valuable governance and guidance for the company, from its 1998 stock exchange listing and throughout its continued development as a leading Australian media business.
“On behalf of Ten, I thank Peter sincerely for his role in transforming the business over almost 20 years as an executive and as a board member and, more recently, for his commitment to continuing on as a director during the recent period of board and management transition.”
Viner was a director of the company from 1998.