After settling several lawsuits, including paying $787 million to voting machine maker Dominion Voting Systems, Fox said its chief legal and policy offer, Viet Dihn, will be stepping down.
Dinh will become a special adviser to Fox effective Dec. 31.
He is receiving a lump-sum cash payment of $23 million to cover severance payments due to him and the value of unvested equity awards. He will also receive health and welfare benefits.
For his services as an adviser, Dinh will be paid $2.5 million per year.
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“We appreciate Viet’s many contributions and service to Fox as both a board member of 21st Century Fox and in his role over the last five years as a valued member of Fox’s leadership team,” Fox Corp. executive chair and CEO Lachlan Murdoch said. “We are grateful that he will continue to serve Fox as Special Advisor where we will benefit from his counsel.”
Dinh joined Fox as chief legal and policy officer in 2018 and has led all legal, compliance and regulatory matters, as well as overseeing government affairs.
Before joining Fox, Dinh was a partner at Kirkland & Ellis, which acquired Bancroft PLLC, a litigation firm that Dinh founded.
“I have been privileged to be part of the Fox family for over two decades as a director and officer, and I have especially treasured my relationships with Rupert, Lachlan and our talented colleagues over the years,” Dinh said. “I look forward to continuing with Fox as special adviser and to returning to my roots of working on multiple ventures and with many clients across a variety of disciplines.”
