Fox Networks Group chairman and chief executive Tony Vinciquerra is stepping down from the News Corp-owned company and will be replaced by Fox International Channels chief executive David Haslingden.
The move will see Haslingden, who has been in charge of the company’s international pay TV services since 2001, become president and chief operating officer of Fox Networks Group, reporting to News Corp president and chief operating officer Chase Carey.
Vinciquerra’s exit will also see a slight management shuffle with other key Fox executives including Fox Sports chief executive David Hill, Fox Networks Group entertainment boss Peter Rice and marketing and affiliate sales president Mike Hopkins report directly to Carey.
Hernan Lopez, president and chief operating officer of Fox International Channels (FIC) has also been promoted to president and chief executive officer of the international division.
This comes as Lopez announced that FIC plans to double its operating profit in the next four years. Lopez told an investor conference that it believes it will see profits reach US$1 billion by 2015, up from US$411 million in 2010. He told the Citi Global Entertainment, Media & Telecommunications conference that Latin American markets including Brazil, and Asia including India will be key to this growth.