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Wayne Walden tapped to lead TVNZ board

Wayne Walden tapped to lead TVNZ board

May 2 (BusinessDesk) - Former Maori Television chairman Wayne Walden has been tapped to head the Television New Zealand board.

Broadcasting Minister Craig Foss named Walden as the new TVNZ chairman after the businessman joined the state-owned broadcaster's board last year. He replaces John Anderson. Walden was previously chairman of Maori TV for four years, and has served as managing director of Farmers Deka and chaired TranzRail, the company that has since become state-owned Kiwirail.

"He brings solid industry experience to the role, having also spent four years as the chair of Maori Television,” Foss said in a statement.

Walden's appointment is part of a new-look direction for the broadcaster, which tapped former House of Travel boss Kevin Kenrick as its new chief executive last month.

The state broadcaster more than tripled its profit to $19.2 million through the final six months of 2011, putting the government in line for a big dividend at the end of the June financial year.

The government has been keen on Crown-owned entities making bigger returns amid dwindling revenue streams from a lower tax take.

(BusinessDesk)

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