business
Wednesday, June 17, 2015
The old man goes, take the children: When media company 21st Century Fox the mogul Rupert Murdoch over to James and Lachlan. In the official announcement of the 84-year-old praises his descendants – and talks about growth .
The 84-year-old media mogul Rupert Murdoch runs from July 1 from the top of the Group’s 21st Century Fox back. The Supervisory Board has approved the plan for succession at the top of the company, which Murdoch will pass the chairmanship to his 42-year-old son James, said the media group. The succession in the management team had already become known in the past week by a media report.
Rupert Murdoch will remain Executive Chief of the Board, his 43-year-old son Lachlan is as Co-Executive Chairman also in the leadership of 21st Century Fox ascend.
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“It has always been our priority to ensure a stable and long-term management of the company, and with these appointments, we achieve this target “, Rupert Murdoch said in the statement of operations. He paid tribute to the skills of his sons and said, together with shareholders and partners it will be possible to help the company to new growth.
The US-Australian billionaire had split his media empire News Corp two years ago. The profitable film and television companies were doing under the name 21st Century Fox from the partially ailing newspaper and book publishers separated.
Source: n-tv.de
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