New Fox Promotes Five Top Executives Ahead Of Disney Deal Close
New Fox — or, as it now calls itself, just “Fox” — has unveiled promotions for five top executives along with other organizational moves before the Disney-21st Century Fox deal closes in the coming months.
The main promotions are: Eric Shanks, to CEO of Fox Sports from his current role of President, Chief Operating Officer & Executive Producer, Fox Sports; Mike Biard, to President, Operations and Distribution for Fox from President, Distribution for Fox Networks Group; Paul Cheesbrough, promoted to Chief Technology Officer and Head of Direct to Consumer Platforms for Fox; and Steve Tomsic to Fox’s Chief Financial Officer. Tomsic is currently 21CF’s EVP, Finance and Deputy CFO.
As Deadline reported yesterday, Marianne Gambelli will be elevated to President of Ad Sales for Fox. She is currently President of Ad Sales for Fox News Channel and Fox Business Network.
Fox TV Group chairman and CEO Gary Newman is in negotiations to stay at the company.
All the moves are contingent upon the close of the $71.3 billion deal, which will see Disney take ownership of all Fox assets except for the broadcast network, local TV stations, Fox News and FS1. While some insiders have indicated a deal close is possible by the end of 2018, the official forecast is for early 2019.
“We are fortunate to be able to continue working with these enormously talented executives who have helped make our businesses the incredible successes they are today,” said Lachlan Murdoch, who will be chairman and CEO of the new Fox. “Collectively they bring to Fox the vision, entrepreneurial spirit and proven track records to position Fox to seize future opportunities for its leading and deeply resonant brands across sports, news and entertainment.”
The executive announcement also noted some previously announced pieces of the puzzle, including John Nallen’s appointment to COO of Fox and Viet Dinh’s appointment as Chief Legal and Policy Officer. Fox News and Fox Business Network CEO Suzanne Scott will continue in her role, and likewise with Fox Television Stations CEO Jack Abernethy.
Here is the memo that Murdoch sent to employees this morning:
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