David F. DeVoe, chief financial officer of News Corp. for the last 15 years, is stepping down.
DeVoe, who has been part of Rupert Murdoch's inner circle for more than 25 years, will exit his executive role after the company completes its split into two separately traded companies. At the end of this month, News Corp. plans to spin off its TV and movie entertainment assets into a new company named 21st Century Fox.
The other company, made up of the Wall Street Journal, New York Post and HarperCollins book publishing, will take the News Corp. name.
John Nallen, the deputy chief financial officer for News Corp., will become the CFO for 21st Century Fox. Bedi Ajay Singh, most recently CFO of MGM Studios, will take on that role at the new News Corp.