Fairfax faction wins boss' fulsome scalp

  • Media
  • September 22, 2009
  • Vincent Heeringa
Fairfax faction wins boss' fulsome scalp

Big hair, bigger scalpBig hair, bigger scalp

The bitterly divided Fairfax board has generated another casualty: the chairman.

Ron Walker was expected to stand for reelection at the forthcoming AGM. But in response to internal disputes which culminated in stinging public criticism from the John B Fairfax faction, Walker yesterday told the Sydney Morning Herald and The Age newspapers that he will resign in November.

He also recommend that deputy chair and former Woolies boss, Roger Corbett, be appointed as his successor.

Walker's resignation may conclude the purge of Fairfax that has seen the majority of senior management replaced on both sides of the ditch in the last 15 months.

Majority shareholder John B Fairfax has been publicly critical of the strategic direction that Walker has taken Fairfax.

Inside sources suggest Walker's svelte mane may have also been an issue. "He was auditioning to host the Aussie version of The Apprentice, but it looks like he' ll be on the other side of the firing line," said a senior source within The Aged.

This is a community discussion forum. Comment is free but please respect our rules:

  1. Don’t be abusive or use sweary type words
  2. Don’t break the law: libel, slander and defamatory comments are forbidden
  3. Don’t resort to name-calling, mean-spiritedness, or slagging off
  4. Don’t pretend to be someone else.

If we find you doing these things, your comments will be edited without recourse and you may be asked to go away and reconsider your actions.
We respect the right to free speech and anonymous comments. Don’t abuse the privilege.

Next page
Results for
Topics
Jobs
About

StopPress provides essential industry news and intelligence, updated daily. And the digital newsletter delivers the latest news to your inbox twice a week — for free!

©2009–2015 Tangible Media. All rights reserved.
Use of this site constitutes acceptance of our Privacy policy.

Advertise

Contact Vernene Medcalf at +64 21 628 200 to advertise in StopPress.

View Media Kit