Fox Networks Group Taps New CFO, Del Mayberry to Retire

LOS ANGELES: After more than three decades with Fox Networks Group (FNG), longtime CFO Del Mayberry is planning to retire, with Ravi Ahuja named as his successor.

Ahuja currently serves as FNG’s executive VP for business operations and development. As CFO, Ahuja will have direct management of finance and accounting and will continue to oversee business development for all FNG business units. Ahuja will report to Peter Rice, FNG’s chairman and CEO, and Randy Freer, the company’s president and COO.

Rice commented: “Del has played an integral role in driving the success of Fox Networks Group and has contributed to the incredible growth of FNG’s television brands at a time of exponential global expansion. We thank Del for his many lasting contributions to the company and will miss him greatly.”

He added: “During a time of real transformation in the television business, Ravi has demonstrated extraordinary strategic insight on the many opportunities we have explored. He has shepherded much of our successful M&A activity, especially in the nonlinear space, and he is an ideal fit for this position.”

Freer said: “We are deeply grateful for Del’s advice and counsel over his long tenure at Fox and wish him every success in the future. Del leaves very big shoes to fill, but Ravi is ideally suited to his new role. He has done an exceptional job running our business development and has a proven track record in financial management and corporate strategy that perfectly fits the needs of our television portfolio at a time of seismic change for our industry.”