Lachlan Murdoch has formally assumed the role of Chairman of the Fox Corporation at the company’s Annual General Meeting.
His father, Rupert Murdoch is now officially Chairman Emeritus.
Former Australian prime minister Tony Abbott was voted in as a Director of the Board of Fox.
Lachlan Murdoch opened the Annual General Meeting with a tribute to his father, praising the “unique and strong” company he has built.
Rupert Murdoch said of the transition: “like my father, I believe that humanity has a high destiny, and Lachlan certainly shares that belief.”
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