Cybersecurity
Rupert Murdoch Will Hand Fox CEO Title to Son James
This article is for subscribers only.
Rupert Murdoch is stepping down as chief executive officer of 21st Century Fox Inc. and handing the title to his son James, marking a long-awaited generational succession.
The elder Murdoch will be executive co-chairman along with his other son, Lachlan, Fox said Tuesday. The corporate functions and the global television and film operations will now jointly report to James, 42, and Lachlan, 43. Chief Operating Officer Chase Carey will become the executive vice chairman and stay in that role through June 30 next year.