Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Dow Jones CFO O'Melia resigns after 16-month stint - source

Published 10/19/2023, 02:51 PM
Updated 10/19/2023, 05:06 PM
© Reuters.
NWSA
-

By Yuvraj Malik

(Reuters) -Dow Jones Chief Financial Officer Liz O'Melia has resigned from the company after about 16 months at the role, a person familiar with the development told Reuters on Thursday.

News Corp (NASDAQ:NWSA) unit Dow Jones, which owns the Wall Street Journal, has begun the search for a new CFO after O'Melia resigned "a few weeks ago", the person said.

O'Melia was CFO at S&P Ratings before joining Dow Jones in May last year.

The Financial Times first reported the departure. O'Melia could not be reached for a comment.

The development comes days after activist hedge fund Starboard Value's CEO Jeff Smith said News Corp was trading at a big discount to the value of its assets and should consider spinning off some of them.

© Reuters. FILE PHOTO: A picture of the Dow Jones building in New York, June 26, 2007. REUTERS/Keith Bedford (UNITED STATES)/File Photo

Starboard began building a stake in News Corp over the summer, before Rupert Murdoch, 92, announced on Sept 21 that he would step down as chairman, leaving his son Lachlan as sole chair, Reuters reported on Tuesday, citing sources.

Reuters competes with the Wall Street Journal in some markets.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.