Rupert Murdoch Will Reportedly Step Down As CEO Of 21st Century Fox

Rupert Murdoch Will Reportedly Step Down As CEO Of 21st Century Fox
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Reports are emerging founder of news giant Rupert Murdoch will step down as CEO of 21st Century Fox, handing over duties to son James Murdoch.

The ABC is reporting the founder of News Corp presented the hand down to the company on Thursday, with James to take the helm and Murdoch’s other son Lachlan Murdoch made executive chairman.

The move is expected to be cemented at a board meeting in New York in the near future, according to The Guardian.

He will reportedly remain executive co-chairman of the company.

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