Ron Walker (Australian businessman)

Ronald Joseph Walker AC CBE (15 September 1939 – 30 January 2018) was an Australian businessman best known for his work in managing sporting events. He was also involved with property development and media companies, as well as serving as Lord Mayor of Melbourne from 1974 to 1976.

Ron Walker

AC CBE
83rd Lord Mayor of Melbourne
In office
1974–1976
Preceded byAlan Douglas Whalley
Succeeded byDonald Osborne
Personal details
Born(1939-09-15)15 September 1939
Melbourne, Australia
Died30 January 2018(2018-01-30) (aged 78)
Political partyLiberal
Nickname(s)Big Red[1]

Biography

The son of a Hoyts Cinema senior supervisor,[2] Walker attended Caulfield Grammar School and as a schoolboy,[2] he started his first business at a backyard in Collingwood, making dishwashing detergents and washing cars.[3] He then sold newspapers at a train station.[1] Elected to the Melbourne city council in 1969,[2] he served as the Lord Mayor of Melbourne from 1974 to 1976.[1] He became a prominent Liberal Party figure, working as honorary National Treasurer from 1987 to 2002.[4]

In 1988, he was appointed as a Commissioner for Melbourne's 1996 Olympics bid to host the Games. His relationship with former Liberal Victorian Premier, Jeff Kennett, helped him to become the Chairman of the Australian Grand Prix Corporation, after Walker helped deliver Melbourne the hosting rights for the event from Adelaide in 1993. However, it was Labor Premier Joan Kirner who appointed Walker as Chairman of the Melbourne Major Events Company, the body which managed both the bids for the Grand Prix and the 2006 Commonwealth Games. Walker was also the Chairman of Melbourne 2006, the organising body for the 2006 Commonwealth Games.[4]

During his business career he held large stakes in companies such as People Telecom, Primelife and Buka Minerals.

In 1976, he held a partnership with another Melbourne businessman, Lloyd Williams. The pair formed a property development company called Hudson Conway, which developed the Crown Casino complex in Melbourne and was the casino's first operator.[5][4] In 2000, Walker resigned from Hudson Conway, netting approximately A$86 million from the sale of his shares. In 2003 he co-founded, and was chairman of Evolve Development, a private property development and investment group based in Melbourne.

Between 2005 and 2009, Walker was chairman of Fairfax Media, publisher of both The Age and The Sydney Morning Herald newspapers and a range of other media assets. Walker decided to not seek re-election as chairman of the Fairfax board following a public and acrimonious boardroom dispute in 2009.[6][7][8] By June 2011, Walker was reported as leading a group of wealthy Melbourne investors that approached Fairfax Media and sought to acquire The Age and radio station 3AW from Fairfax. However, their approaches were rebuffed.[9]

Walker also served as Chairman of the Microsurgery Foundation of the Bernard O'Brien Institute of St Vincent's Hospital, Melbourne.[10] The aim of the Foundation is to raise funds for research, equipment and building infrastructure for the O'Brien Institute.

Personal life

In 2010, he underwent emergency brain surgery after falling off his bike in Melbourne's Royal Botanic Gardens. He also suffered broken ribs and concussion in the fall.[11]

Walker's interests included a collection of classic cars and property; and he had an estimated net worth of A$978 million according to the 2011 BRW Rich 200.[9] He was married to Barbara, with three children.[2]

He died from cancer on 30 January 2018.[1][5]

Awards

Walker received a range of imperial and Australian honours including:

  • Commander of the Order of the British Empire in the 1977 New Year Honours for service to local government[12]
  • Officer of the Order of Australia in 1987 for service to the community and to social welfare[13]
  • Centenary Medal in 2001 for outstanding service to the Australian community, particularly in Victoria[14]
  • Companion of the Order of Australia in 2003 for service to business, the arts and the community, and to raising the profile of Australia internationally with significant benefit for tourism and employment.[15]

In 1975 Walker was named as Victoria's Outstanding Man of the Year during his term as Lord Mayor of Melbourne; Victorian Father of the Year in 1976, and Victorian of the Year in 1994.

gollark: The financial markets are MUCH more complex than that.
gollark: Big investors bet the value would go *down*. Reddit decided they wanted it to go *up*, and are burning lots of money on that.
gollark: They're just not better off, that's not the same as being worse off.
gollark: What? No.
gollark: You would do it if you thought a stock would go down in value for whatever reason.

See also

References
  1. Thomsen, Simon (30 January 2018). "'Mr Melbourne', business giant and Grand Prix boss Ron Walker, has died, aged 78". Business Insider Australia.
  2. Campbell, James (30 January 2018). "Ron Walker: greatest achievement was miracle drug campaign". Herald Sun.
  3. "Melbourne Grand Prix supremo, businessman, Liberal Party member Ron Walker dies". ABC News. 30 January 2018.
  4. Carney, Shaun (11 March 2006). "What makes Ron run?". The Age. Australia. Retrieved 12 November 2011.
  5. "'A great Australian': Former head of Grand Prix Ron Walker dies". 9news. 30 January 2018.
  6. "Marinya won't support Walker re-election". The Sydney Morning Herald. AAP. 17 September 2009. Retrieved 12 November 2011.
  7. Colvin, Mark; Ryan, Peter (28 September 2009). "Ron Walker walks away from Fairfax". PM (ABC Radio). Australia. Retrieved 12 November 2011.
  8. "Walker offered to buy Marinya's Fairfax Media stake". Business Spectator. Australia. 14 October 2009. Retrieved 12 November 2011.
  9. Kitney, Damon; Chessell, James (15 June 2011). "Fairfax rejects Walker's bid for The Age and Radio 3AW". The Australian. Retrieved 12 November 2011.
  10. "Microsurgery Foundation". Bernard O'Brien Institute. 2011. Archived from the original on 12 October 2011. Retrieved 12 November 2011.
  11. Hunter, Thomas (24 March 2010). "Ron Walker undergoes emergency brain surgery". The Age. Melbourne.
  12. "WALKER, Ronald Joseph". It's an Honour. Commonwealth of Australia. 31 December 1976. Retrieved 12 November 2011.
  13. "WALKER, Ronald Joseph". It's an Honour. Commonwealth of Australia. 8 June 1987. Retrieved 12 November 2011.
  14. "WALKER, Ronald Joseph". It's an Honour. Commonwealth of Australia. 1 January 2001. Retrieved 12 November 2011.
  15. "WALKER, Ronald Joseph". It's an Honour. Commonwealth of Australia. 26 January 2002. Retrieved 12 November 2011.
Civic offices
Preceded by
Alan Douglas Whalley		 Lord Mayor of Melbourne
1974–1976		 Succeeded by
Donald Osborne
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