(Reuters) -News Corp said it is extending the contract of Chief Executive Robert Thomson, which will see him continue as CEO through June 2030, the company said in a statement on Sunday. Thomson was appointed as CEO of News Corp, which owns the Wall Street Journal and book publisher HarperCollins, in 2013, and his contract […]
Business
News Corp to extend CEO’s contract through June 2030, company says
Audio By Carbonatix
(Reuters) -News Corp said it is extending the contract of Chief Executive Robert Thomson, which will see him continue as CEO through June 2030, the company said in a statement on Sunday.
Thomson was appointed as CEO of News Corp, which owns the Wall Street Journal and book publisher HarperCollins, in 2013, and his contract was extended in 2023 until 2027.
Thomson has been at the helm of the company through several major deals, such as the sale of its Australian cable-TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion ($2.19 billion) in 2024.
“Robert has been instrumental in News Corp’s growth and transformation, and his vision and leadership are extremely important as the company continues to navigate this era of rapid change,” Chair Lachlan Murdoch said in a statement.
($1 = 1.5547 Australian dollars)
(Reporting by Chandni Shah in Bengaluru; Editing by Chris Reese)