Chase Carey (born 22 November 1953) is an Irish-born American executive. He is the former

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...

and executive chairman of the

Formula One Group The Formula One Group is a group of companies responsible for the promotion of the FIA Formula One World Championship, and the exercising of the sport's commercial rights. The Group was previously owned by Delta Topco, a Jersey-based company ow ...

. He has previously worked for News Corp,

DIRECTV DirecTV (trademarked as DIRECTV) is an American multichannel video programming distributor based in El Segundo, California. Originally launched on June 17, 1994, its primary service is a digital satellite service serving the United States. I ...

, 21st Century Fox and Sky plc.

Education

Carey was born in Ireland to American parents of Irish descent, and received his

bachelor's degree A bachelor's degree (from Middle Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to six ...

from Colgate University and an

MBA A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

from Harvard, where he was a member of the Harvard Business School Rugby Club. While attending Colgate he joined the

Delta Upsilon Delta Upsilon (), commonly known as DU, is a collegiate men's fraternity founded on November 4, 1834 at Williams College in Williamstown, Massachusetts. It is the sixth-oldest, all-male, college Greek Letter Organizations#Greek letters, Greek-let ...

fraternity and was a member of the Colgate University Rugby Football Club. Today, Carey is a

Trustee Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility to ...

Emeritus of Colgate University.

Career

Early career with Fox

Carey first came to work with Fox, a

News Corporation News Corporation (abbreviated News Corp.), also variously known as News Corporation Limited, was an American multinational mass media corporation controlled by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New ...

holding, in 1988. Over the course of the following decade he served as COO of Fox, Inc., and CEO of

Fox Broadcasting Company The Fox Broadcasting Company, commonly known simply as Fox and stylized in all caps as FOX, is an Television in the United States, American Commercial broadcasting, commercial terrestrial television, broadcast television network owned by Fox C ...

. During this time he helped launch both

Fox Sports Fox Sports is the brand name for a number of sports channels, broadcast divisions, programming, and other media around the world. The ''Fox Sports'' name has since been used for other sports media assets. These assets are held mainly by the F ...

and

Fox News The Fox News Channel, abbreviated FNC, commonly known as Fox News, and stylized in all caps, is an American multinational conservative cable news television channel based in New York City. It is owned by Fox News Media, which itself is owne ...

and helped form a partnership between Fox Network and the NFL, a deal worth $1.58 billion. He also served as co-COO of News Corporation, along with Peter Chernin. He resigned as co-COO of News Corp on January 24, 2002.

DirecTV

During the time that Carey was working for News Corp, the company purchased a 34% controlling interest in

Hughes Electronics Hughes Electronics Corporation was formed in 1985 when Hughes Aircraft was sold by the Howard Hughes Medical Institute to General Motors for $5.2 billion. The surviving parts of Hughes Electronics are today known as The DirecTV Group. On June 5, ...

, which at the time owned

DirecTV DirecTV (trademarked as DIRECTV) is an American multichannel video programming distributor based in El Segundo, California. Originally launched on June 17, 1994, its primary service is a digital satellite service serving the United States. I ...

, a

satellite TV Satellite television is a service that delivers television programming to viewers by relaying it from a communications satellite orbiting the Earth directly to the viewer's location. The signals are received via an outdoor parabolic antenna commo ...

provider. Carey had already served on the DirecTV board of directors, and in 2003 he was appointed CEO. At DirecTV, Carey had plans to add 1 million new subscribers a year, and had met that goal when he left the company six years later. Carey's tenure at DirecTV was widely considered successful, and the company returned to profitability. In 2006, News Corporation sold its

controlling interest A controlling interest is an ownership interest in a corporation with enough voting stock shares to prevail in any stockholders' motion. A majority of voting shares (over 50%) is always a controlling interest. When a party holds less than the major ...

in DirecTV to Liberty Media, in exchange for News Corp shares.

Return to News Corporation

In June 2009, it was announced that Carey would be leaving DirecTV and returning to News Corp. He assumed the posts of President and COO that had been held by Chernin, as well as the post of Deputy Chairman. In August 2011

Rupert Murdoch Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian-born American business magnate. Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including ...

tipped Carey to be his successor as CEO of

. It was previously assumed that Murdoch's son James would succeed him. In 2013, Carey was announced as the COO of 21st Century Fox, the legal successor of News Corporation and the owner of most of its film and television properties, News Corporation's print media and Australian assets being spun off as News Corp. In 2015, Carey was reassigned as executive co-chairman, while James Murdoch became CEO. Carey resigned this position in July 2016 to become a consultant to Fox. In 2019, he was on the Fox Corporation board.

Formula One

On 23 January 2017, Carey was installed as CEO and Executive chairman of

after Liberty Media completed their acquisition of the Formula One Group. On September 25th, 2020 Liberty Media announced that Carey would take on the role of non-executive chairman with Stefano Domenicali stepping in as CEO as of January, 2021. Carey’s achievements included the establishment of a cost cap for the first time in Formula 1 and the signing of a more equitable

Concorde Agreement The Concorde Agreement is a contract between the Fédération Internationale de l'Automobile (FIA), the Formula One teams and the Formula One Group which dictates the terms by which the teams compete in races, and how the television revenues and ...

with the teams from 2021 to 2025.

References

External links

Profile
at

Bloomberg Businessweek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...

Profile
an
collected coverage
at

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

Collected coverage
at ''

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

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{{DEFAULTSORT:Carey, Chase 1953 births Living people American chief executives American chief operating officers American television executives Auto racing executives Colgate University alumni Formula One people Harvard Business School alumni News Corporation people American people of Irish descent