Susan Panuccio to Depart News Corp in 2025, with Lavanya Chandrashekar Joining the Company as New Chief Financial Officer
07 Novembro 2024 - 6:16PM
Business Wire
Panuccio’s departure comes after two successful
decades at News Corp, including transformational leadership as
Chief Financial Officer
Chandrashekar comes to News Corp after a
successful run as CFO of Diageo and 25-plus years in global
finance
News Corp (NASDAQ: NWS, NWSA; ASX: NWS; NWSLV) announced today
that Susan Panuccio will step down from her role as Chief Financial
Officer on January 1, 2025, and will be succeeded by Lavanya
Chandrashekar. Ms. Panuccio will continue in an advisory capacity
for six months to help ensure a smooth transition and to support
Ms. Chandrashekar.
Ms. Panuccio has been a key leader during a period of rapid
expansion and transformation for News Corp since becoming Chief
Financial Officer in March 2017. During her tenure, News Corp has
achieved record results, and transitioned into a diversified
digital- and subscription-first business. The company has generated
very healthy free cash flows, successfully completed two debt
offerings at attractive rates and boosted capital returns through
its $1 billion repurchase program. Under Ms. Panuccio’s leadership,
News Corp made several strategic investments within the company’s
key growth pillars, including expansion of B2B at Dow Jones, while
streamlining costs and adding high margin, content licensing
revenues from tech platforms. During her time at News Corp, the
company’s share price has risen over 140% since March 1, 2017,
materially outpacing sector performance during that period.
“Susan’s steadfast leadership, sharp instincts and strategic
mindset have helped guide News Corp through a remarkable period of
growth. We will miss Susan deeply, and I am personally grateful for
her partnership over the years,” said News Corp Chief Executive
Robert Thomson. “Susan’s work not just here in New York, but in
leadership roles in Australia and the United Kingdom, has been
transformational for News Corp, and her impact cannot be
understated. Her thoughtfulness and care for the company have
continued through the succession process, and I am pleased to have
her continued support for the remainder of this fiscal year.”
“After nearly eight years in this role and over two decades at
News Corp, I am going to take some much-desired time off to spend
with my family,” said Ms. Panuccio. “It has been a privilege to
help Robert lead News Corp’s transformation into the global news
and information powerhouse it is today, and I truly believe that
the company has an incredibly bright future ahead. I have been so
fortunate over the years to have had the support of both Rupert and
Lachlan, together with our Board of Directors, and I would like to
sincerely thank them all.”
The Board of Directors, in consultation with Ms. Panuccio, has
executed a well planned succession process to identify and
transition responsibility to her successor. Ms. Chandrashekar has
nearly 30 years of experience in international finance and investor
relations, and has held senior positions at blue chip consumer
facing companies, including Procter & Gamble, Mondelēz and
Diageo, where she was Chief Financial Officer from 2021 to
September of 2024. During her tenure at Diageo, Ms. Chandrashekar
led the company through a period of profitable and accelerated
growth, with the company growing at a 10.5% CAGR. An innovative
global executive, Ms. Chandrashekar spearheaded and launched a
multi-faceted global digital transformation program for Diageo. Her
passion for mission and culture enabled the development and
elevation of talent across the company.
“I am thrilled to welcome Lavanya to News Corp, and look forward
to her joining our leadership team,” said News Corp Chief Executive
Robert Thomson. “Lavanya’s mix of financial acumen, global
experience and proven integrity were compelling characteristics of
her professional personality. Lavanya has meaningful experience
leading transformation initiatives, and her support will be welcome
as News Corp continues its ambitious journey.”
“I have tremendous respect for News Corp and its leadership
team, and am honored to join them,” said Ms. Chandrashekar. “I am
fortunate to be joining this company during an exciting period of
growth and transformation, and look forward to taking on the
challenge of helping to shepherd News Corp into the future.”
About News Corp News Corp (Nasdaq: NWS, NWSA; ASX: NWS,
NWSLV) is a global, diversified media and information services
company focused on creating and distributing authoritative and
engaging content and other products and services. The company
comprises businesses across a range of media, including:
information services and news, digital real estate services, book
publishing and subscription video services in Australia.
Headquartered in New York, News Corp operates primarily in the
United States, Australia, and the United Kingdom, and its content
and other products and services are distributed and consumed
worldwide. More information is available at:
http://www.newscorp.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241107568903/en/
News Corp Corporate Communications Arthur Bochner 646-422-9671
abochner@newscorp.com
News Corp Investor Relations Michael Florin 212-416-3363
mflorin@newscorp.com
Anthony Rudolf 212-416-3040 arudolf@newscorp.com
News (NASDAQ:NWSA)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
News (NASDAQ:NWSA)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024