News Corp’s chief financial officer Stephen Rue resigns, replaced by News UK’s Susan Panuccio

Tim Burrowes

September 27, 2013 1:09

News Corp Australia has announced the departure of its long serving chief financial officer Stephen Rue after 17 years with the company.

Rue’s departure comes days after the new News Corp – formed from the global split into 21st Century Fox and News Corp – reported its first set of financial numbers. They revealed that revenues for News Corp’s Australian newspapers had dropped by about $350m.

1.30pm update: The company has named Susan Panuccio, previously with News UK, as his replacement.

The announcements:

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Tim Burrowes

I write about the world's media and marketing industry from an Australian perspective Australian lens. I've worked in the UK, Middle East, Asia & Australia. I founded Mumbrella, which we sold in 2017.