One of many high executives at Fox is exiting the corporate.
Viet Dinh, Fox Corp.’s chief authorized and coverage officer and the corporate’s normal counsel, will shift to a particular adviser position starting Dec. 31.
Dinh, a veteran lawyer, had been a key a part of the Murdoch-controlled firm’s administration workforce, with some within the firm likening him to a shadow COO.
After all, Fox Corp. additionally noticed a significant authorized setback this 12 months when it settled the defamation lawsuit introduced by Dominion Voting Techniques for $787 million. It’s not clear whether or not Dinh’s departure is linked to the lawsuit. Fox can also be going through one other swimsuit from one other voting firm, Smartmatic, which is anticipated to start in 2025.
“We recognize Viet’s many contributions and repair to Fox as each a board member of twenty first Century Fox and in his position during the last 5 years as a valued member of Fox’s management workforce,” mentioned Lachlan Murdoch, govt chair and CEO of Fox, in a press release. “We’re grateful that he’ll proceed to serve Fox as Particular Advisor the place we are going to profit from his counsel.”
In response to a securities submitting, Dinh will obtain a $23 million severance fee, and can be paid $5 million for a two-year time period as a particular adviser.
In response to a duplicate of the transition providers settlement, Dinh “shall be out there to offer help and recommendation to the Firm Group associated to all litigation ongoing as of the Graduation Date,” in his consulting position.
Dinh joined Fox in 2018, and helped lead the corporate because it bought off its leisure property to Disney the next 12 months.