Roger Corbett new Fairfax Media chairman

Roger Corbett has succeeded Ron Walker as chairman of Fairfax Media, bringing peace back to the boardroom of the newspaper and radio company.

The new chairman was voted in at yesterday’s board meeting, settling a split between Walker and the board’s two Fairfax family members, which own about 10% of the company and are part of the original Fairfax family that founded the company.

Ron Walker will retire next month.

Fairfax shares closed 3 cents higher at $1.73 after the decision was announced.