John Elkann to Step Down from News Corp Board
New York, NY – September 30, 2016 – News Corp announced today that John Elkann will step down from the Board of Directors of the company, effective immediately.
Mr. Elkann, Chairman and Chief Executive Officer of EXOR S.p.A., has been a member of the Board since the launch of the “new” News Corp?as an independent, publicly traded company following the separation of its businesses from 21st Century Fox in June 2013.
“With his vision and good judgment, John Elkann has been a significant part of our company’s progress.? I am grateful for his friendship, and for all he’s done for us at News Corp,” said Executive Chairman Rupert Murdoch.
“On behalf of everyone at News Corp, I salute John for his steadfast support over the past three years of our development,” said Chief Executive Robert Thomson.?“We are a stronger company today, with greater digital prowess and a diverse, global presence, thanks in no small measure to John Elkann’s astute insights.”
Mr. Elkann is leaving the Board in light of the increased demands of his role as Chairman and CEO of EXOR S.p.A.? and at EXOR’s largest investments including FCA Group and the newly acquired Partner Re.
“I’m very thankful to have had the chance to serve as a Board member of News Corp during this fascinating period of the company’s history and ?development. I wish Rupert, Robert and their hugely talented News Corp team continued and growing success in all they do, deploying News Corp’s extraordinary skills and potential to the huge opportunities of a relentlessly more digital world.”
The Board is actively engaged in a process of considering additional independent Director candidates.
About News Corp
News Corp (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers throughout the world. The company comprises businesses across a range of media, including: news and information services, book publishing, digital real estate services, and cable network programming and pay-TV distribution in Australia. Headquartered in New York, the activities of News Corp are conducted primarily in the United States, Australia, and the United Kingdom. More information:?http://www.www.chicfaced.com.
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