Chase Carey

Chase Carey
Born (1953-11-22) 22 November 1953
Ireland
Alma mater Colgate University
Harvard University
Occupation Vice chairman of 21st Century Fox
Executive Chairman & CEO of the Formula One Group

Chase Carey (born 22 November 1953) is an Irish-American executive. He is the chief executive officer and executive chairman of the Formula One Group.[1][2] Carey is the Vice Chair of 21st Century Fox. He has previously worked for News Corp, DIRECTV and 21st Century Fox and Sky plc. He has been married for over 27 years and has a son and a daughter. He is the new head of the Formula One Group, succeeding Bernie Ecclestone.

Education

Carey received his bachelor's degree from Colgate University and an MBA from Harvard, where he was a member of the Harvard Business School Rugby Club. While attending Colgate he joined the Delta Upsilon Fraternity and was a member of the Colgate University Rugby Football Club. Today, Carey is a Trustee Emeritus of Colgate University.

Career

Early career with Fox

Carey first came to work with Fox, a News Corporation holding, in 1988.[3] Over the course of the following decade he served as COO of Fox, Inc., and CEO of Fox Broadcasting Company. During this time he helped launch both Fox Sports and Fox News. He also served as co-COO of News Corporation, along with Peter Chernin.

DirecTV

During the time that Carey was working for News Corp, the company purchased a 34% controlling interest in Hughes Electronics, which at the time owned DirecTV, a satellite TV provider.[4] Carey had already served on the DirecTV board of directors,[5] and in 2003 he was appointed CEO.

At DirecTV, Carey had plans to add 1 million new subscribers a year,[6] and had met that goal when he left the company six years later.[7] Carey's tenure at DirecTV was widely considered successful, and the company returned to profitability.[8]

In 2006, News Corporation sold its controlling interest in DirecTV to Liberty Media, in exchange for News Corp shares.

Return to News Corporation

In June 2009, it was announced that Carey would be leaving DirecTV and returning to News Corp. He assumed the posts of President and COO that had been held by Chernin,[9] as well as the post of Deputy Chairman.

In August 2011 Rupert Murdoch tipped Carey to be his successor as CEO of News Corporation. It was previously assumed that Murdoch's son James would succeed him.[10] In 2013, Carey was announced as the COO of 21st Century Fox, the legal successor of News Corporation and the owner of most of its film and television properties, News Corporation's print media and Australian assets being spun off as News Corp. In 2015, Carey was re-assigned as executive co-chairman,[11] while James Murdoch became CEO. Carey resigned this position in July 2016 to become a consultant to Fox.[12]

Formula One

On 23 January 2017, Carey was installed as CEO and Executive chairman of Formula One Group after Liberty Media completed their $4.4 Billion acquisition of Formula One Group.

References

  1. ↑ Cooper, Adam (23 January 2017). "Ecclestone loses position as F1 CEO, Brawn poised for new role". Autosport.com. Retrieved 24 January 2017.
  2. ↑ "Liberty completes F1 acquisition". Formula1.com. 23 January 2017. Retrieved 24 January 2017.
  3. ↑ http://www.newscorp.com/news/news_420.html
  4. ↑ "Archived copy". Archived from the original on 2007-01-08. Retrieved 2006-08-11.
  5. ↑ https://www.reuters.com/article/paidmediaAtoms/idUS75881764620090601
  6. ↑ "Archived copy". Archived from the original on 2007-01-08. Retrieved 2006-08-11.
  7. ↑ "Archived copy". Archived from the original on 2011-07-16. Retrieved 2009-08-16.
  8. ↑ "Archived copy". Archived from the original on 2011-07-16. Retrieved 2009-08-16.
  9. ↑ http://articles.latimes.com/2009/jun/04/business/fi-ct-carey4
  10. ↑ https://www.reuters.com/article/2011/08/10/us-newscorp-idUSTRE77967X20110810
  11. ↑ http://www.businessinsider.com.au/fox-news-boss-roger-ailes-demoted-2015-6
  12. ↑ https://www.bloomberg.com/research/stocks/people/person.asp?personId=393707&privcapId=91031
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