Jack Cowin is appointed to Fairfax Media

JACK COWIN APPOINTED TO FAIRFAX MEDIA BOARD 

 

SYDNEY, 19 July 2012: Mr Roger Corbett, Chairman of the Board of Fairfax Media Limited [ASX:FXJ], today announced that Mr Jack Cowin had joined the Fairfax Board as an independent director. The appointment is effective immediately. 

In making the announcement Mr Corbett said: “We are very pleased that Mr Cowin, an experienced media investor and director, has accepted our invitation to join the Board. 

“Our discussions with Mr Cowin over recent months have made it clear that he has considerable value to add to the company. Neither Mr Cowin or Fairfax Media consider his appointment as being indicative or connected to the potential outcomes of the company’s inconclusive discussions with Hancock Prospecting Pty Ltd. 

“Mr Cowin joins the Board as an independent director and on the same basis as all other directors. 

“I am confident that Jack will make an invaluable contribution in the times ahead and contribute to the Board’s current efficacy and functionality. 

“Jack is one of Australia’s most respected and experienced entrepreneurs and directors. He has been a long-term investor in the media and we welcome his great media experience, independence of thought and insights,” Mr Corbett said. 

Mr Cowin is the founder and Chairman of Competitive Foods Australia, and has been a director of Ten Network Holdings since 1998. He is a director of the Sydney Olympic Park Authority and Chandler McLeod Ltd and is a director and major shareholder of Bridge Climb. 

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