Time Warner Inc. announced several changes to its corporate finance group Monday, including a trio of executive appointments.
The announcement was made by Time Warner executive vice president and chief financial officer John Martin.
“These changes will help our finance group work more effectively with our businesses to pursue growth opportunities, maximize our performance and create value for our shareholders,” Martin said in a statement.
Former senior vice president of corporate finance Edward Ruggiero is now senior vice president and treasurer, succeeding Raymond Murphy who is retiring. In his new role, Ruggiero oversees Time Warner’s worldwide treasury activities, including capital markets, bank relations, cash management, project finance, real estate finance and risk management.
James Burtson, formerly senior vice president of investor relations, was named to a new position as a senior vice president and reports to Martin. His responsibilities include overseeing Time Warner’s mergers and acquisitions efforts as well as working closely with Martin to develop the optimal capital allocation strategies for the company.
Former vice president of investor relations Douglas Shapiro succeeds Burtson as head of the investor relations group. Shapiro, a former media analyst for Banc of America Securities who joined Time Warner in 2007, reports to Martin and serves as the company’s principal day-to-day contact with the investment community.
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