MELBOURNE, AUSTRALIA - AUGUST 28: Geoff Walsh the General Manager of Football, Nathan Buckley the coach and Eddie McGuire the President speak to the media during a Collingwood Magpies AFL press conference at the Holden Centre on August 28, 2017 in Melbourne, Australia. (Photo by Quinn Rooney/Getty Images)

Collingwood have announced Mark Korda and Peter Murphy as its interim co-presidents as they begin their search for Eddie McGuire’s replacement, as first reported by AFL Media’s Mitch Cleary.

Originally set to stand down at the end of the season, McGuire sensationally called time on his presidency early on Tuesday after 22 years in the role following internal and external pressure in the fallout from the Do Better report that found the club guilty of “systemic racism”.

The Magpies confirmed in a statement on Thursday that they had begun the process of finding McGuire’s successor.

“The board of the Collingwood Football Club met on Wednesday to establish the process by which a successor to long-standing president Eddie McGuire will be chosen,” the statement reads.

“McGuire resigned with immediate effect on Tuesday, after 22 years in the role.”

“It was agreed that until a successor is decided upon directors Peter Murphy and Mark Korda will share the role as interim co-presidents.”

Korda has served on the Collingwood board since 2007 and has been one of the club’s two vice-presidents, alongside Alex Waislitz.

Murphy had been on the Magpies board since 2019.

The club is expected to finalise its new president within eight weeks.

The club also revealed that it had begun discussing its implementation plan from the Do Better report findings, with an expert advisory panel to be formed.

Collingwood will also employ a strategic advisor to provide expert advice on how to employ recommendations from the report on the club.