In a statement provided by 21st Century Fox, founder and executive co-chairman Rupert Murdoch said: «To ensure continuity of all that is best about Fox News and what it stands for, I will take over as Chairman and acting CEO, with the support of our existing management team under Bill Shine, Jay Wallace and Mark Kranz.» (fortune.com)
Unlike selling to a competitor, vendor or other strategic buyer (who may roll the business into existing departments with their management teams) or to a financial buyer with the power to insert his or her own operational partners, selling to a search fund provides one way to ensure that most of an existing management team will remain intact. (entrepreneur.com)
We want to be very clear that we could not be more supportive of you, the existing management team, the culture at Apple and the innovative spirit it engenders. (businessinsider.com)