Fox Fills Key Executive Posts for Spinoff Before Disney Merger
(Bloomberg) -- 21st Century Fox Inc. tapped Steve Tomsic and other executives to fill key roles at the “New Fox” spinoff, which will be created once the company completes the $71 billion sale of its entertainment assets to Walt Disney Co.
Tomsic, currently deputy chief financial officer, will take the CFO job at the new entity, Fox said on Tuesday. Eric Shanks will be promoted to chief executive officer of Fox Sports from his current role as president, chief operating officer and executive producer.
The company is filling in the blanks of an executive suite that’s being remade by the Disney deal. When the transaction is complete, the new Fox will be heavily focused on broadcasting, live sports and cable news.
The company also named Mike Biard president of operations and distribution for the entire company. He previously oversaw the Fox Networks Group. Paul Cheesbrough will be chief technology officer and head of direct-to-consumer platforms, while Marianne Gambelli was promoted to president of ad sales.
They’ll take their place alongside the already-announced lineup: Lachlan Murdoch will be CEO and chairman of the new company, and John Nallen is serving as chief operating officer. The appointments are effective with the close of the Disney deal.
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