Jeremy Darroch steps down as Sky s chief executive | Business thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.
Dana Strong to take over as CEO as soon as possible
Strong joins from Comcast Cable, where she is President of Consumer Services
She has European experience from various roles at Liberty Global
Comcast has appointed its current President of Consumer Services, Dana Strong, as the new CEO at Sky, the European pay TV and broadband service provider it acquired for £30.6 billion in 2018.
The move marks the end of a 13-year stint as CEO for Jeremy Darroch, who moves upstairs to the role of Executive Chairman, which will enable him to help Strong as she transitions into the role during 2021.
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He made a fortune when Sky was sold to US broadcaster Comcast in 2018 for almost £30billion.
The father of three bagged more than £38million selling the shares he owned and held in incentive plans to Comcast.
Darroch will be replaced by Comcast executive Dana Strong
That took his total pay since he became chief executive in 2007 to more than £115million.
For Sky, Darroch may well have been worth it – he tripled the size of the business and ramped up the customers to almost 24m.
Sky has not disclosed his pay since the takeover, but it is understood to be over £1million per year.