Speculation says Walker to go at AGM

AUSTRALIAN newspapers are almost united this morning in predicting the resignation of Fairfax Media chairman Ron Walker at the company’s annual general meeting in November.

Finance journalists are predicting he will step down and recommend his deputy, Roger Corbett, as his successor.

Initially, Mr Walker indicated he would retire next year, sparking an outcry from board members John B Fairfax and Nicholas Fairfax, who wanted a changing of the guard.

“I will be meeting with Roger and the major (Fairfax) shareholders on Monday and Tuesday to determine their views on a possible succession program should I not stand for re-election at the annual general meeting,” Fairfax newspapers report Mr Walker as saying in this morning’s editions.

Fairfax’s independent directors, including Mr Corbett, have supported Mr Walker.

Fairfax Media is the 15th largest media company in the world, publishing major newspapers in Australia and New Zealand.

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