Sky CFO Griffith to take on wider role

Sky has announced that chief finance officer Andrew Griffith's role has been expanded to also include that of group chief operating officer.

Griffith, who has been Sky's CFO and an executive director since April 2008, is also the managing director of commercial businesses and will take on the extra COO responsibilities in addition to his existing roles.

The former Rothschild investment banker, who joined Sky in 1999, is used to being given lots on his plate at Sky, having had executive responsibility for Sky's advertising business since 2012.

This minor adjustment follows January's news that former chief executive James Murdoch, current chief executive of his father Rupert's 21st Century Fox, will become chairman when current occupant Nicholas Ferguson steps down at the end of April, after 12 years on the board.

Murdoch Jnr was forced to stand down four years ago in the wake of protests around the phone hacking scandal at the family's British newspapers.

With Fox a 39% shareholder in Sky, speculation has increased that there may be a bid for the UK satellite broadcaster.

Shares in Sky, which last year rose to their highest level since 2000, were largely flat on Monday at 1,012.11p.