CEO Chase Carey Leaves DirecTV

Chase Carey has been with DirecTV since 2003 and, as the CEO, has been instrumental in making i the lucrative company it is today. On Wednesday, Carey decided to resign from DirecTV and return to News Corp.

Chase Carey Leave DirecTV for News Corp. (Image: Zuma Press)

At News Corp., the only person Carey will report to is Rupert Murdoch. His titles at the company will be COO, president and deputy chairman. Although James Murdoch, Rupert’s son, will still succeed his dad at the top spot, Carey will continue to be second in command when that time comes.

While with DirecTV, industry experts say that Carey navigated the company through its tricky waters while keeping overhead low to maximize profits. In fact, in 2008, DirecTV made approximately $1.7 billion. When Carey took over in 2003, DirecTV was simply breaking even. He also grew the customer base by 50% in his six years at the reins.

At News Corp., Carey will fill the void left by Peter Chernin, the former COO and president who left to enter the movie producing industry.