Discovery Communications said that chief financial officer Andrew Warren decided to leave the company, but will remain through the end of the year to ensure a smooth transition.
Warren joined Discovery in 2012. A search firm, Howard Fischer Associates is being engaged to lead the search of both internal and external candidates to replace Warren.
“I am enormously grateful to [Discovery CEO David Zaslav] and the company for the opportunities I have had since joining in 2012 and am proud of what we accomplished,” added Warren. “Discovery has a remarkable management team, unparalleled assetsand the unquestionable ability to win through its unique global content position and strategy. I plan to remain a long-term shareholder. My decision to leave at the end of 2016 was a difficult and personal one, yet I look forward to my next career opportunity.”
During his tenure at Discovery, Warren led the financing and financial integration of the $1.7 billion acquisition of SBS Nordic and the purchase of Eurosport.
“Discovery is a better company because of Andy Warren and I cannot say enough about his commitment and collaboration over the past many years,” Zaslav, “Andy has brought a focus on capital allocation and our balance sheet that has helped drive strong organic and free cash flow growth.”
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Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.