Lachlan Murdoch To Replace Brother James As Fox Ceo After Disney Deal


– Twenty First Century Fox’s (FOXA.O) Chief Executive Officer James Murdoch will leave the company and be succeeded by brother Lachlan once the company sells off its TV and film assets to Walt Disney Co (DIS.N).

James, younger son of the media tycoon Rupert Murdoch, decided months ago that he will pursue an opportunity of his own after quitting Fox, a source familiar with the matter told Reuters on Wednesday.

Lachlan and Rupert Murdoch will serve as co-chairmen of the new Fox, while current Chief Financial Officer John Nallen will also take the role of chief operating officer.

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