Nick Falloon to replace Roger Corbett as Fairfax chairman
Fairfax Media has named former Network Ten chairman Nick Falloon as the replacement for its board chairman Roger Corbett, who will step down in August.
The appointment was announced to the Australian Securities Exchange (ASX: FXJ) today with Falloon being appointed to the board as a non-executive director of the company.
“Mr Corbett has indicated today it is his intention to stand down at the end of August following the signing of the full year accounts for the current trading year. Nick Falloon will then assume the chairmanship of Fairfax Media Limited,” said the company in a statement.
Prior to serving as chairman of Ten, Falloon served as chief financial officer and chief executive of the then Kerry Packer owned PBL, which operated Nine Network and Australian Consolidated Press.
Corbett first signalled his departure as chairman back in October.
ASX Statement:
“On behalf of the board of Fairfax Media Limited, the Chairman Roger Corbett today announced the appointment of Nick Falloon as a non-executive director of Fairfax Media.
Nick Falloon has had a life-time of experience in the media industry, including serving as the CFO and later CEO of Publishing and Broadcasting Ltd, which included ACP Magazines, Nine Network and Crown Casino. He was also the Executive Chairman of Network Ten between 2002 and 2010, one of the most successful periods in the network’s history. As previously announced, it is Roger Corbett’s intention to stand down as Chairman during his current term.
Mr Corbett has indicated today it is his intention to stand down at the end of August following the signing of the full year accounts for the current trading year. Nick Falloon will then assume the Chairmanship of Fairfax Media Limited.”
A good move…10 years ago. Looks like another one of the Chifley Square crowd gets a gig at Fairfax.
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It looks like a good move. Nick Falloon does know a little about the media. That will be a change.
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