Peter Rice has capped his steady ascent through the ranks of Rupert Murdoch’s media empire with a new title: president of 21st Century Fox.
The entertainment giant said Wednesday that Rice will take on the newly created role of president while keeping his job as chairman and chief executive of Fox Networks Group, a position he’s held since 2012.
His promotion doesn’t significantly alter the reporting structure of Fox’s movie studio. Stacey Snider, who is chairman and CEO of 20th Century Fox Film, will continue to report directly to Murdoch’s sons, Lachlan and James Murdoch.
“Peter has driven exceptional growth at Fox Networks Group during a time of real...