News Corp hires U.S. compliance officials
October 1 , 2012
Rupert Murdoch's News Corp has hired a senior official from the U.S. Securities and Exchange Commission (SEC) as well as a former federal prosecutor to lead new compliance units, according to a report in the Financial Times.
Gerson Zweifach, News Corp's general counsel and new chief compliance officer, is expected to announce five appointments later in the day.
News Corp has streamlined its compliance structure with five officers, who are responsible for the company's activities in different geographical regions, and report to Zweifach.
They include John McCoy, the associate regional director of the SEC's enforcement arm in Los Angeles, and Brian Michael, a former federal prosecutor for the U.S. Attorney's Office in New York.