John Nallen Appointed as President and COO of Fox Corp
Portfolio - People | Feb 10, 2025 | EIN
Fox Corporation has announced a significant leadership change by appointing John Nallen as President and Chief Operating Officer, a position that is secured through a long-term employment agreement running until June 2028. Nallen has played a crucial part in Fox's growth and transformation over the years, significantly influencing the company's strategic direction. He joined the broader company in 1995 and has held various senior financial roles. His leadership has been considered pivotal through the company's splits, including the prominent transaction with Disney in 2019, which saw Fox's entertainment assets acquired by Disney, while Fox retained its television network and broadcast stations. Nallen's elevation underscores his invaluable contribution to the company, as mentioned by Lachlan Murdoch, Fox's Executive Chair and CEO, who praised Nallen's strategic vision and enduring impact.
Sectors
- Media and Entertainment
- Corporate Finance
Geography
- United States – Fox Corporation is based in the United States, and this article pertains to its corporate activities within the country.
Industry
- Media and Entertainment – Fox Corporation operates within the Media and Entertainment sector, focusing on broadcast television, subscription television, and cable originating from its spin-off from 21st Century Fox.
- Corporate Finance – John Nallen's role as CFO and involvement in merger and acquisition activities at 21st Century Fox underscores the relevance of the Corporate Finance sector.
Financials
- – The article does not specify any financial figures or transactions related to the appointment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fox Corporation | Company Announcing Leadership Appointment | Company | Fox Corporation is a mass media company, focusing on broadcast, news, and sports operations. |
| John Nallen | Newly Appointed President and COO | Person | John Nallen is appointed as the President and Chief Operating Officer of Fox Corporation. |
| Lachlan Murdoch | Executive Chair and CEO | Person | Lachlan Murdoch is the Executive Chair and CEO of Fox Corporation, providing a statement on John Nallen's appointment. |
| 21st Century Fox | Former Entity before Split | Company | Previously part of the same corporate structure before its split and subsequent asset sale to Disney. |
| Disney | Acquirer of Entertainment Assets | Company | Disney acquired the entertainment assets of 21st Century Fox in 2019. |