Young was appointed to fill a casual vacancy, but chairman Ronald Walker says Young will retire at the company’s AGM on November 18, and stand for re-election to the board by shareholders.

“Peter is an outstanding business executive and leader whose financial skills and expertise, his wide ranging industry, telecommunications and media sector experience, as well as his strengths in audit and finance will be of great value to the board,” says Walker. “We are delighted he has accepted this position.”

Young says, “I am honoured to join the board of a company I deeply respect, and which plays such an important role in our society. I look forward to working with Ron and my colleagues on the Board and contributing to Fairfax’s continuing growth and success.”

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