Fox Chairman Stepping Down
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Rupert Murdoch is stepping down as the head of both Fox and News Corp.
Lachlan Murdoch will become sole chairman of News Corp and continue as the executive chair and CEO of Fox Corp.
Rupert Murdoch is stepping down as chairman of the board of both Fox Corp.and News Corp. , the company said on Thursday.
The move will be official in November. Murdoch, 92, will be appointed chairman emeritus of each company. Lachlan Murdoch, one of his sons, will become sole chairman of News Corp and will continue as Fox Corp.’s executive chair and CEO.
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