CEO

Ten Network Holdings (ASX:TEN) have announced a New CEO. The incoming CEO will be its fifth CEO in 2 years.

• Former CEO James Warburton was sacked last week.
• Incoming Chief Executive Officer Hamish McLennan personally invested 3.13 million shares in the business or $1 million.
• Ten had a net loss of $4.2 million for the 2012 financial year.

Leighton Holdings' (ASX:LEI) former chief executive officer Wal King has denied that he is seeking a position with the contractor’s board and neither has he been offered any position.

The statement comes amid speculations that Spain's construction company ACS wants King to be non-executive director. ACS is poised for a takeover of German Hochtief, who owns majority of Leighton.

New Woodside Petroleum (ASX:WPL) boss Peter Coleman has announced that he is sticking to the company's Browse gas development strategy while investors hope to quickly speed up getting gas from Scarborough field in WA's North West under the Pluto LNG project.

APN News and Media (ASX:APN) has announced that Warren Bright will be the new chief executive officer for APN's Australian Regional Media. Bright takes up his new role on May 16, directly reporting to APN CEO Brett Chenoweth.

Woodside Petroleum (ASX:WPL) has appointed previous ExxonMobil Development Company vice president Peter Coleman to succeed current chief executive Don Voelte. Coleman commences his new top duties on May 30.

Coleman spent 27 years at ExxonMobil holding the vice presidency of the company's Americas region prior to being development company vice president. Coleman is an Australian citizen, originally coming from Sale in Victoria.

Suncorp (SUN) CEO John Mulcahy has announced that, after six years leading the group, he will step down from his current role – at the same time as the group slashed its profit forecast and unveiled a capital raise of up to $1.302 billion. The shares were placed in a trading halt at A$7.13 yesterday, which compares with the underwritten part of its offer at $4.50 apiece to raise $900m – a 37% discount. The group said it could also raise a further $402m via an offer to retail shareholders.

Allco Finance Group's (AFG) chief executive officer David Clarke who was employed for the last 18 months to rescue the company from debt has resigned with a fall in share market. Last November AFG was valued at $52 million. On April 2007, when Clarke joined the company, the share price was about $11.50. The appointment of Clarke was considered as a historic, key movement for the company.