News Corp. reshuffles board of directors

2nd September 2011, Comments 0 comments

News Corp., which is embroiled in a phone-hacking scandal in Britain, announced a reshuffle of its board of directors on Friday.

Rupert Murdoch's News Corp. said Kenneth Cowley and Thomas Perkins would leave the board after the annual meeting of shareholders in Los Angeles on October 21 and James Breyer would stand for election.

Cowley joined News Corp. in 1964 in Australia and served as chairman and chief executive of News Ltd., the company's Australian newspaper unit, from 1980 to 1997. He has been a board member since 1979.

Perkins is a founding partner of venture capital firm Kleiner Perkins Caufield & Byers. He has served on the News Corp. board since 1996.

Breyer is also a leading venture capitalist and is a partner in venture capital firm Accel Partners.

"We thank Ken and Tom for their years of service on the News Corporation Board and sincerely appreciate the critical insights they provided," Murdoch, News Corp.'s chairman and chief executive, said in a statement.

"Jim has a remarkable track record in the investment community and his background in media and technology will enable him to make significant contributions to News Corporation's Board," Murdoch said.

"I consider it a privilege to be nominated and I am excited about the prospect of joining News Corp.'s distinguished Board at this exciting time in the company's history," Breyer said.

© 2011 AFP

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