News Corp. Chairman Rupert Murdoch said Friday that John Hartigan will become chairman of the group’s Australian business, News Ltd., replacing Murdoch’s son Lachlan.
Hartigan, currently chief executive of News Ltd., will assume the chairman’s role on Sept. 1, after Lachlan Murdoch steps down from his executive responsibilities at New York-based News Corp. on Aug. 31.
“I am delighted John has accepted this role. Under his day-to-day leadership over the past five years, News Ltd. has been one of News Corp.’s most profitable divisions,” Rupert Murdoch said in a statement.
“This year, John and his team are implementing a major capital expenditure program to expand our business in Australia and a raft of new products will be launched this year in addition to those already released,” Rupert Murdoch said.
Lachlan Murdoch recently announced his intention to step down from all executive roles at his father’s company, whose holdings include the Fox News Channel, the Fox broadcast network and Twentieth Century Fox studio, to return to Australia with his family.