Liberty Media Corporation Announces Management Changes, Effective from October 1, 2016
September 01, 2016 at 04:10 pm EDT
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Liberty Media Corporation announced the following management changes effective as of October 1, 2016. Mark D. Carleton has been appointed to the position of Chief Financial Officer and will continue to report to Greg Maffei, Liberty Media's President and CEO. As Chief Financial Officer, Mr. Carleton will oversee all accounting and treasury functions at Liberty Media. Mr. Carleton most recently served as Chief Development Officer, and has held several senior executive positions at Liberty companies. Prior to joining Liberty Media's predecessors, Mr. Carleton served as a partner in the accounting firm of KPMG, where he had overall responsibility for the communications sector and served on KPMG's board of directors. Christopher W. Shean has been appointed Senior Advisor and will continue to report to Mr. Maffei. Mr. Shean will continue to oversee certain of Liberty Media's significant investments. Mr. Shean has been Chief Financial Officer since 2011 and has held other senior executive positions with Liberty Media and its predecessors since 2000. In connection with assuming his new role, Mr. Shean will no longer serve as Chief Financial Officer of Liberty Media. Albert E. Rosenthaler has been appointed to the position of Chief Corporate Development Officer and will
continue to report to Mr. Maffei. As Chief Corporate Development Officer, Mr. Rosenthaler will be responsible for identifying and pursuing investment and other opportunities and will assist in setting strategic direction to maximize shareholder value. Mr. Rosenthaler will also oversee Liberty Media's senior tax officer who will have day-to-day responsibility for aspects of Liberty Media's tax strategies and compliance. Mr. Rosenthaler most recently served as Chief Tax Officer, and has served as top tax officer for Liberty Media and its predecessors since 2002. Prior to joining Liberty Media's predecessors, he was a tax partner at Arthur Andersen serving clients in the cable television, telecommunications, oil and gas, public utilities and
financial services businesses.
Liberty Media Corporation operates and owns interests in a range of media, communications, and entertainment businesses. The Companyâs businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Formula One Group, and the Liberty Live Group. Its Sirius XM Holdings segment operates two complementary audio entertainment businesses, SiriusXM and Pandora and Off-platform. SiriusXM features music, sports, entertainment, comedy, talk, news, traffic and weather channels and other content, as well as podcasts and infotainment services, in the United States on a subscription fee basis. SiriusXMâs packages include live, curated and certain exclusive and on-demand programming. Its Formula 1 segment is a global motorsports business that holds commercial rights with respect to the World Championship, an annual, approximately nine-month long, motor race-based competition. It is also a provider of premium experiences at the world's sports and entertainment events.