Murdoch elevates son Lachlan to co-chair of media empire
Published on Mar 26, 2014 6:15 PM
LONDON (REUTERS) - Rupert Murdoch has elevated son Lachlan to the top of his multi-billion dollar family media empire after a seven-year break, appointing him non-executive co-chairman of both News Corp and 21st Century Fox Inc.
The media mogul also gave his younger son James a bigger role as co-chief operating officer at 21st Century Fox, two years after he resigned as chairman of British broadcaster BSkyB following a parliamentary investigation into phone hacking.
Lachlan Murdoch, who has been serving as a director at News Corp and 21st Century Fox, will work closely with senior management to develop global strategies and guide the overall corporate agenda, the company said in a statement on Wednesday.
"Lachlan will help us lead News Corp forward as we expand our reach and invest in new technologies and markets around the world," Rupert Murdoch said in the statement.
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