Elisabeth Murdoch Drops CEO Job at Shine

Elisabeth Murdoch, the daughter of News Corp. Chairman and Chief Executive Rupert Murdoch, has given up the CEO position at Shine Group, a U.K. television-production company she founded and sold to News Corp. last year.

Ms. Murdoch, 43 years old, will remain chairman of Shine, focusing on developing strategy and leading the creative parts of the company, Shine said in a written statement. It named the company’s chief operating officer, Alex Mahon, as CEO, taking “responsibility for day to day management” of Shine. Ms. Mahon, 38 years old, joined Shine in 2006.

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