Fox Corporation has extended the employment agreements for Executive Chair and CEO Lachlan K. Murdoch and CFO Steven Tomsic through June 30, 2030. The updated arrangements, approved on June 11, 2026, include significant increases to their annual bonus, equity awards, and base salary, effective July 1, 2026.
Key Details
- Lachlan K. Murdoch (CEO): Employment term extended to June 30, 2030. His target annual bonus will increase to $9,000,000 and his target annual equity award will increase to $20,000,000.
- Steven Tomsic (CFO): Employment term extended to June 30, 2030. His base salary will increase to $2,000,000 per annum, with a target annual bonus of $3,000,000 (increasing to $3,500,000 on July 1, 2028) and a target annual equity award of $4,000,000.
- Effective Date: The new compensation terms for both executives will become effective on July 1, 2026.