Tony Abbott nominated to Fox Corp’s board of directors
Fox Corp has nominated former Australian prime minister Tony Abbott and Magic Leap chief executive Peggy Johnson to the company’s board. Shareholders will vote on the nominations at the company’s annual meeting later this year.
In a statement, Lachlan Murdoch, Fox executive chairman and chief executive officer, said he welcomed the nominations of Mr Abbott and Ms Johnson, saying: “They bring skills, experience and perspectives that will contribute to the board and benefit Fox”.
Former prime minister Tony Abbott. Alex Ellinghausen
Mr Abbott served as the 28th Prime Minister of Australia from 2013 to 2015. He was leader of the Liberal Party of Australia from 2009 to 2015 and a member of parliament from 1994 to 2019. Mr Abbott has been an advisor to the UK Board of Trade since 2020.
Ms Johnson has been the chief executive officer of Magic Leap since August 2020. She previously was executive vice president at Microsoft and held a similar role earlier at Qualcomm Technologies. She has been a director on the board of BlackRock since 2018.
Mr Abbott and Ms Johnson are set to fill board seats opened by the pending departures of Anne Dias and Jacques Nasser.
Separately, Reuters reported that former Fox chairman Rupert Murdoch’s total compensation for 2023 climbed more than 24 per cent to $US22.9 million ($US35.6 million), a regulatory filing showed.
The media mogul stepped down from his role on Thursday after a career spanning more than seven decades and handed the reins to Lachlan Murdoch.
Rupert Murdoch will be chairman emeritus of both companies.
At Fox, his 2023 compensation includes an annual base salary of $US5 million and about $US7.6 million in stock awards and options. It also includes $US4.4 million in incentive pay,
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