David F. DeVoe, chief financial officer of
DeVoe, who has been part of
The other company, made up of the
John Nallen, the deputy chief financial officer for News Corp., will become the CFO for 21st Century Fox. Bedi Ajay Singh, most recently CFO of MGM Studios, will take on that role at the new News Corp.
DeVoe, who joined News Corp. in 1983 as a financial executive, will have a seat on the board of 21st Century Fox and remain an advisor to Murdoch.
The move was announced Thursday following a News Corp. board meeting.
"I would like to express my profound gratitude to Dave for his enormous contributions to News Corp. over nearly three decades in which he has played a pivotal role in building the company into a global leader," Murdoch said in a statement. "Dave has helped drive our businesses to new heights and position us for long-term and sustainable growth. ... The board and I look forward to continuing to work with him in his capacity as both a director and a valued senior advisor."
News Corp. also on Thursday confirmed that CEO Rupert Murdoch had filed for divorce from his wife of nearly 14 years,