Madison Square Garden Co., said it has named Donna Coleman executive vice president and chief financial officer. Coleman had been serving as interim CFO since May, after former CFO Sean Creamer resigned. She will report directly to MSG president and CEO David O’Connor.
Madison Square Garden split its sports teams, entertainment venues and regional sports networks earlier this month in a transaction that created two separate publicly traded entities. Madison Square Garden includes professional sports teams the New York Knicks, The New York Rangers and the New York Liberty as well as noted entertainment venues like Madison Square Garden, Radio City Music Hall and The Beacon Theater. MSG Networks includes regional sports networks MSG Network and MSG Plus.
Coleman had previously served as executive vice president of corporate financial planning and control at Cablevision Systems for more than 15 years before retiring in December 2014. Prior to that she served as senior vice president of corporate financial planning and control from 2011 to 2012, after serving as senior vice president of planning and operations for more than 10 years.
“We are extremely pleased that Donna has agreed to stay at MSG,” O’Connor said in a statement. “Over the last five months, Donna has proven to be an invaluable member of the team, helping to guide the company through our recent spin-off. With her considerable financial and operating experience, we are confident that she is the ideal executive to help lead the company as we implement our ambitious plans to build on our tremendous legacy."
Coleman will be responsible for strategic financial insight on all facets of the business, helping prioritize opportunities and drive value creation. Additionally, she oversees all of MSG’s financial and accounting matters, including forecasting, budgeting and financial planning and analysis, as well as the company’s treasury, investor relations, tax and risk management functions.
“I am thrilled to be at MSG during such an important time for the company,” Coleman said in a statement. “We have worked hard over the last several months to position MSG for its next chapter. I look forward to working with the management team and employees across the company to ensure we continue to deliver excellence across our operations, and pursue strategic growth initiatives that will allow us to expand our leadership position and create long-term shareholder value.”
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