Management ChangeJun 11, 2026, 04:08 PM
Fox Corp Extends CEO & CFO Terms to 2030; Boosts Compensation
AI Summary
Fox Corporation's Board and Compensation Committee unanimously approved extensions to the employment terms for Executive Chair and CEO Lachlan K. Murdoch and CFO Steven Tomsic through June 30, 2030. The company also increased their compensation packages, effective July 1, 2026. Mr. Murdoch's target annual bonus will rise to $9 million and his target annual equity award to $20 million. Mr. Tomsic's base salary will increase to $2 million, his target annual bonus to $3 million (rising to $3.5 million in 2028), and his target annual equity award to $4 million.
Key Highlights
- Fox Corp extended Executive Chair and CEO Lachlan K. Murdoch's employment through June 30, 2030.
- Murdoch's target annual bonus increased to $9,000,000, effective July 1, 2026.
- Murdoch's target annual equity award increased to $20,000,000, effective July 1, 2026.
- CFO Steven Tomsic's employment term was extended through June 30, 2030.
- Tomsic's base salary increased to $2,000,000 per annum, effective July 1, 2026.
- Tomsic's target annual bonus increased to $3,000,000, rising to $3,500,000 from July 1, 2028.
- Tomsic's target annual equity award increased to $4,000,000, effective July 1, 2026.
Price Impact
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