I regard it as an honour to be elected as deputy chairman of BSkyB although it is disappointing this event is triggered by the change of role of James Murdoch.
Sky today is the UK's largest media company and a world-class performer. This achievement has been possible only because of two decades of ongoing commitment, passion and entrepreneurial risk-taking by News Corporation, its founder Rupert Murdoch and, for the past near decade, James. Even today I continue to have the privilege of working with individuals at News Corp who began with Sky in 1987 when it was literally a single channel of nothing produced from a prefab building.
James has ensured the challenger spirit that made this possible is ingrained in the company's DNA and I am confident Sky's employees along with Nick, Jeremy and the entire board will continue to strongly develop the business in the interests of all shareholders.