James Murdoch to Become CEO of 21st Century Fox July 116 Jun, 2015 By: Erik Gruenwedel
Chase Carey to transition from president and COO to executive vice chairman
As expected, James Murdoch, son of media mogul Rupert Murdoch, will become CEO of his father’s 21st Century Fox LLC on July 1. Rupert and his other son, Lachlan, will become executive co-chairmen of the media company, whose assets include 20th Century Fox Home Entertainment.
In addition, Chase Carey, who as president and COO has run 21st Century Fox (formerly News Corp.) since 2009, will become executive vice chairman — a position he is slated to hold through June 30, 2016.
The management changes were announced June 16 by the 21st Century Fox board, which hailed Carey for his contributions.
With Carey effectively being shown the door, Rupert credited the executive with helping in the split-off of News Corp., as well navigating ongoing changes in the distribution of media and entertainment.
“I can’t thank Chase Carey enough for his friendship, counsel and leadership over the past decades. He will be actively engaged in supporting Lachlan and James as they step in to their new roles,” Murdoch said in a statement.
James Murdoch, 42, joined Fox’s senior management team after resigning as chairman of satellite TV operator BSkyB following a phone-hacking scandal at London’s tabloids News of the World and News International — both owned by News Corp.
Though never charged, James was criticized in a Parliamentary report for his lack of leadership on the scandal, in which the private lives of celebrities and newsworthy citizens were reported on after allegedly intercepting their mobile phone messages from 2003 to 2007.