James Murdoch quits as executive chairman of News International
He will remain as deputy chief operating officer of the wider business
By CFOWorld staff | CFO UK | Published 14:46, 29 February 12
James Murdoch has quit his role as executive chairman of News International business, News Corp announced on Wednesday.
The younger son of Rupert Murdoch has been plagued by investor doubts and governance and ethics questions over his role as executive chairman of News International since it became embroiled in the ongoing phone hacking scandal.
He was recalled last October to appear before a parliamentary committee for a second round of questioning over the phone hacking scandal, which led to the closure of News of the World, one of the UK's oldest newspapers.
In January News International had to hand over to police a data file containing hundreds of millions of its emails, as part of the ongoing phone and email hacking investigations.
The younger Murdoch will remain as deputy chief operating officer of the wider business and will focus on its international TV business, the company said.
Tom Mockridge, chief executive of News International, will continue in his post and report to News Corp President Chase Carey.
In January Christopher Gent, chairman of GlaxoSmithKline, announced that James Murdoch was to step down from its board. And last November James Murdoch resigned from the board of News Group Newspapers, the publisher of the Sun, and the now-defunct News of the World.
Last Sunday Rupert Murdoch launched the Sun on Sunday.
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