Market: News Corp will extend the contract of the Managing Director until June 2030, according to the company

(Reuters) – News Corp declared that he was extending the contract of the Director General Robert Thomson, who will remain in office until June 2030, the company said in a statement on Sunday.

Robert Thomson was appointed Director General of News Corp, who owns the Wall Street Journal and the publisher of HarperCollins books in 2013, and his contract was extended in 2023 until 2027.

Thomson was at the head of the company during several major transactions, such as the sale (link) of its Australian cable television unit Foxtel to the British sports network Dazn for 3.4 billion Australian dollars ($ 2.19 billion) in 2024.

“Robert played a decisive role in the growth and transformation of News Corp, and its vision and its leadership are extremely important while the company continues to sail in this era of rapid change,” said President Lachlan Murdoch in a statement.

($ 1 = 1.5547 Australian dollar)

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