Andrew Lancaster, a director of regional television player WIN, is joining the board of Nine Entertainment.
He replaces Patrick Allaway, one of three directors who came to Nine with the Fairfax merger.
He is the chair of the Bank of Queensland which is buying ME Bank for more than $1.3 billion.
Lancaster is CEO of private investment company Birketu Pty Ltd as well as WIN Corporation, Australia’s largest regional broadcaster and soon-to-be Nine affiliate.
WIN, owned by billionaire Bruce Gordon, is Nine's largest shareholder.
Nine chairman Peter Costello: “We are pleased to welcome Andrew to the Nine Board. Andrew has a long history and considerable experience in both television and radio in Australia, particularly in regional markets where he has successfully overseen WIN’s extensive operations for more than ten years and was instrumental in Nine’s recent affiliation agreement
with WIN.”
Lancaster: “I am thrilled to join the Nine Board in these exciting times. Nine has clearly embraced the structural changes occurring in media and has done a remarkable job repositioning the business. I know the Nine team well and look forward to working with them as they continue to transform the company.”
The new CEO of Nine, Mike Sneesby, will also join the board as a director.
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