Gina Rinehart quits Ten board, installs Jack Klepec in her place

MINING billionaire Gina Rinehart has quit the Ten board of directors to free up her time for Hancock Prospecting.

Gina Rinehart Chair of Hancock Prospecting during a business session during a CHOGM event held at the Burswood Complex in Perth, Western Australia Wednesday Oct 26, 2011. (AAP Image/Tony McDonough) -NO ARCHIVING

BILLIONAIRE Gina Rinehart has quit the board of Ten Network.

Ms Rinehart, who is one of Ten’s major shareholders, will be replaced on the network’s board by John Klepec.

Mr Klepec had been increasingly attending Ten’s board meetings on behalf of Ms Rinehart as she was busy running Hancock Prospecting.

Ten’s executive chairman and managing director Hamish McLennan thanked Mrs Rinehart for her contributions during her three years on the board.

“It has been a very great pleasure working with Mrs Rinehart and I have appreciated her commitment and our discussions,” he said in a statement on Monday.

“I look forward to her ongoing involvement.”

Originally published as Gina Rinehart quits Ten board, installs Jack Klepec in her place