Ravi Ahuja has been named the new chief financial officer of Fox Networks Group, the company announced Monday. He replaces Del Mayberry, who will retire after a more than three-decade career with Fox.

“Del has played an integral role in driving the success of Fox Networks Group and has contributed to the incredible growth of FNG’s television brands at a time of exponential global expansion. We thank Del for his many lasting contributions to the company and will miss him greatly,” said Fox Networks Group chairman and CEO Peter Rice. “During a time of real transformation in the television business, Ravi has demonstrated extraordinary strategic insight on the many opportunities we have explored. He has shepherded much of our successful M&A activity, especially in the non-linear space, and he is an ideal fit for this position.”

Ahuja currently serves as FNG executive vice president, business operations and development. In his new role, Ahuja will oversee finance, accounting and business development for all Fox Networks Group units — Fox Broadcasting Company; Fox Cable Networks, including FX Networks; Fox Sports Media Group, and National Geographic Partners; and Fox Networks Group Europe, Asia and Latin America.

“We are deeply grateful for Del’s advice and counsel over his long tenure at Fox and wish him every success in the future,” said FNG COO Randy Freer. “Del leaves very big shoes to fill but Ravi is ideally suited to his new role. He has done an exceptional job running our business development and has a proven track record in financial management and corporate strategy that perfectly fits the needs of our television portfolio at a time of seismic change for our industry.”

Ahuja joined Fox from Virgin Entertainment Group, where he served as CFO. Prior to Virgin, he was an associate at McKinsey & Company in New York and Los Angeles. He sits on the boards of Roku and YES Network, and has also served on the Los Angeles Mayor’s Council on Innovation and Industry.

Mayberry joined Fox in 1983, becoming senior vice president and CFO of Fox Broadcasting in 1998. In 2002 he was promoted to executive vice president and CFO of Fox Networks Group.