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C4 lines up new chairman
UK broadcaster Channel 4 has named Lord Terence Burns as its new chairman, replacing Luke Johnson who steps down at the end of the year.
Lord Burns is currently chairman of the Abbey National bank and of the Marks and Spencer retail chain. He also holds numerous non-exec directorships - publishing group Pearson among them.
He is a former chief economic advisor and permanent secretary to the UK Treasury and was appointed independent advisor to culture secretary Tessa Jowell in 2003 in the run-up to the renewal of the BBC's royal charter in 2006.
 Lord Burns will take over the C4 chairmanship from the beginning of the New Year. Other contenders in the running included former BBC director general Greg Dyke, Chorion owner Lord Waheed Alli, ex-GCap chair Richard Eyre.
C4 is still on the hunt for a new CEO, after incumbent Andy Duncan resigned in September. Earlier this week, Duncan admitted that his hopes of engineering a merger between some of C4's operations and some of those of BBC Worldwide were over.
The admission means the job of plugging the broadcaster's anticipated annual £150m (US$248m) funding shortfall by 2012 will be left in the hands of whoever replaces him, working alongside Lord Burns.
Jonathan Webdale
5 Nov 2009
© C21 Media 2009
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