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Lachlan K. Murdoch

Executive Chair and CEO at Fox
Board
Since October 2018
Age
53 years
Tenure
Joined FOXA as Chief Executive Officer in October 2018 and assumed the role of Executive Chair of the Board in January 2019.

Also at Fox

AC
Adam Ciongoli
Chief Legal and Policy Officer
JPN
John P. Nallen
President and COO
ST
Steven Tomsic
Chief Financial Officer (CFO)

About

Lachlan K. Murdoch, born on September 8, 1971 , has established a prominent presence in the media industry through decades of leadership and strategic vision. Coming from a family with a strong legacy in media, his career is marked by significant roles that have shaped major media corporations and their strategies.

In his professional journey at FOXA, he stepped into the role of Chief Executive Officer in October 2018 before taking on the additional responsibility as Executive Chair of the Board in January 2019. This progression underscores a clear commitment to driving the company's growth and reorienting its strategic priorities to meet evolving market demands.

Beyond his leadership at FOXA, his career spans influential roles at Twenty-First Century Fox, NOVA Entertainment, and other media enterprises. His diverse experience has not only contributed to the operational success of these companies but has also cemented his reputation as a dynamic force in the media landscape.

$FOXA Performance Under Lachlan K. Murdoch

Past Roles

Organization Role Date Range Details
NOVA Entertainment Executive Chairman 2009 – 2022 –
Twenty-First Century Fox, Inc. (21CF) Executive Chairman 2015 – Mar 2019 Former parent company of FOXA
Twenty-First Century Fox, Inc. (21CF) Director 1996 – Mar 2019 Role ended prior to assuming FOXA leadership
Twenty-First Century Fox, Inc. (21CF) Co-Chairman 2014 – 2015 –
Ten Network Holdings Limited Non-Executive Chairman 2012 – 2014 –
Ten Network Holdings Limited Director 2010 – 2014 –
Ten Network Holdings Limited Acting Chief Executive Officer 2011 – 2012 –

External Roles

Organization Role Date Range Details
News Corporation (News Corp) Chair 2023 – Present Formerly served as Director (since 2013) and Co-Chairman (2014–2023)
Illyria Pty Ltd Executive Chairman 2005 – Present Private company

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$3,000,000AnnualFixed base compensation
401(k) Contributions$13,800AnnualCompany contribution
Life Insurance Premium$5,382AnnualPremium paid by company
Residential Security$1,625,703AnnualSecurity services provided
Corporate Aircraft Use$142,793AnnualPersonal use of corporate aircraft
Corporate Car/Car Allowance$14,400AnnualPersonal use and car allowance

Performance Compensation

Data from  FY 2024

Annual Incentive Compensation

Metric (Cash-Based)Value/ConditionWeightOutcome/PayoutCitation
Threshold (Adjusted EBITDA)$2.29B for 50% payoutN/A-
Target Range (Adjusted EBITDA)$2.82B–$2.92B for 100% payoutN/AFOX achieved $2.883B (100% payout)
Maximum (Adjusted EBITDA)$3.44B for 200% payoutN/A-
Quantitative Portion$4,500,000 target payout75%Earned $4,500,000
Qualitative Portion$1,500,000 target payout25%Earned $1,500,000
Total Annual Incentive$6,000,000 in cash100%Paid in cash

Equity Incentive Plan Awards (PSUs)

MetricValueDetailsCitation
Grant DateAugust 9, 2023Date of PSU grant
Grant Date Fair Value$5,714,374Fair value of the stock awards
Grant Date Stock Price$34.84Exercise price applicable for stock awards
Vesting DateAugust 15, 2026Based on performance over the 2024–2026 period
Performance MetricsTSR & Stock Hurdle15% allocation to financial performance; 85% to TSR (60% contingent on Stock Hurdle)
Threshold / Target / Maximum28,860 / 82,458 / 164,917 sharesShare outcomes based on performance achievements
Performance PeriodFiscal 2024–2026Evaluation period for performance-based vesting

Stock Options

MetricValueDetailsCitation
Grant DateAugust 9, 2023Date of option grant
Grant Date Fair Value$2,750,000Fair value of the stock options
Grant Date Stock Price$34.84Exercise price based on volume-weighted average
Vesting Condition15% increase for 30 consecutive daysClosing price must exceed exercise price by 15% during the performance period
Vesting DateAugust 9, 2026Contingent on meeting performance and continued employment
Performance PeriodFiscal 2024–2026Evaluation period for vesting conditions