LACHLAN Murdoch, the eldest son of media business magnate Rupert, is returning to his family’s newspaper empire as non-executive co-chairman of News Corp.
“This appointment is a sign of confidence in the growth potential of News Corp and a recognition of Lachlan’s entrepreneurial leadership and passion for news, digital media and sport,” said Rupert Murdoch, executive chairman of News Corp.
“In this elevated role, Lachlan will help us lead News Corp forward as we expand our reach and invest in new technologies and markets around the world.
“We have many challenges and opportunities ahead, and Lachlan’s strategic thinking and vast knowledge of our businesses will enable me as executive chairman and the company as a whole to deliver the best outcomes on behalf of our stockholders, employees and customers,” Rupert said.
Lachlan, 42, said he is grateful to the Board of News Corp “for this exciting opportunity”.
“I’m looking forward to working more closely than ever with my father as well as Robert Thomson (CEO) and his team, who have launched the new News so successfully,” Lachlan Murdoch said.
“News Corp today has the energy and sensibility of a start-up and is at the cutting edge of change in the media, publishing and education industries, and much more.”
Lachlan Murdoch is currently a director of News Corp and 21st Century Fox, executive chairman of NOVA Entertainment Group, executive chairman of Illyria Pty Ltd, and a director of Sydney’s Museum of Contemporary Art.
Until recently, he also served as non-executive chairman of Ten Network Holdings. Under his leadership, NOVA Entertainment Group became Australia’s number one national FM network.
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