New Disney TV CFO, ex-Fox, Remains Roku Board Member, Post-Fox Transaction

Fox Corp., on its first day as a stand-alone company (see 1903190049), took control Tuesday of the roughly 6 million Roku shares that 21st Century Fox (21CF) used to own, said a Roku SEC filing. Fox owns 7.2 percent of Roku stock, it said. Disney took over 21CF's nonbroadcast assets Wednesday, it said in an SEC filing. Ravi Ahuja, chief financial officer of 21CF’s Fox Networks Group until his recent appointment as Disney Television CFO (see the March 5 people section of this publication), remains a member of the Roku board at least until the 2019 annual meeting, when his term expires, emailed Roku spokesperson Eric Savitz Tuesday. He declined comment about whether Ahuja will seek re-election, adding nothing prevents him from doing so. Ahuja’s intentions will be known “in the coming months” when Roku releases its proxy statement for the annual meeting, said Savitz. Efforts to reach Ahuja for comment Wednesday were unsuccessful.