Ten Network Holdings Limited has announced it will appoint an additional director, Paul Mallam, after this year's annual general meeting in December.
The nominee was agreed upon by media mogul Bruce Gordon, who is currently the second largest shareholder in Ten Network Holdings, with 13% of the company.
Gordon said: "I am delighted that we have agreed with Ten Holdings to the appointment of our nominee, Paul Mallam, becoming a director of the company."
"I also welcome the offer from Ten Holdings to James Packer and Lachlan Murdoch, including the invitation to join the Ten Holdings Board as part of the two board seats offered following the recent acquisition by CPH of an 18% interest in the company," he said.
"The proposed appointment of the three new directors adds to the complementary and diverse strengths of the recently refreshed board across media, marketing, communications and corporate finance."
Mallam is a media and technology lawyer, who is currently a principal of Mallam Lawyers.
The news follows the announcement that Ten Network Holdings executive chairman Nick Falloon is to leave the company after the annual general meeting.
Over the past fortnight, James Packer has bought 18% of the Ten Holdings company, while Lachlan Murdoch has made moves to buy half of Packer's shares. Meanwhile, Packer and Murdoch have been offered two seats on the board of directors, despite a request for three seats.
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