Fox Corp. has promoted one of CEO Lachlan Murdoch’s top deputies, naming John Nallen president and COO of the media company. Nallen, who has so far served as COO, has signed a new long-term deal with Fox that will keep him at the company through June 2028.
“John has been instrumental in the continued evolution of Fox and a key partner to me for many years,” said Murdoch in a statement. “We greatly value his ongoing impact and his strategic vision and are pleased that he will continue to help guide the strong operating momentum and profitability of Fox as president and COO.”
Nallen previously served as COO of Fox Corp., and before that was CFO of 21st Century Fox, prior to its deal with the Walt Disney Co. He joined News Corp. in 2001 (at the time it was the Murdoch family’s sole media holding company), and served in various financial roles over the years.
Per an SEC filing, Nallen will see his target annual bonus and target annual equity award rise to $4 million and $6.5 million, respectively. He will also serve as a special advisor for three years after his employment ends.
The elevation comes one day after Fox hosted Super Bowl LIX in New Orleans, and just a few months after the 2024 election, which generated record ratings for Fox News Channel.
Fox’s assets include the Fox broadcast network, Fox News, Fox Sports, and the free streaming service Tubi.
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