Liberty Media announced major changes to its top-level executive structure, naming Chief Development Officer Mark Carleton its new CFO, replacing Christopher Shean, who has been bumped out to the role of senior adviser.
According to Liberty’s announcement, Shean will oversee “significant investments” for the global media and pay-TV services conglomerate.
Other changes include the movement of Chief Tax Officer Albert Rosenthaler to Carleton’s previous role. All three executives will report to Liberty CEO Greg Maffei.
Shean joined Liberty Media in 2000 and assumed the role of CFO in 2011. Carleton joined the company in 2003 and was previously a partner with accounting firm KPMG.
"We are pleased to announce these management changes, which will benefit the organization," Maffei said in a statement. "We congratulate Mark, Chris, and Albert and look forward to their continued service at Liberty Media in these new roles.”
Representing the interests of billionaire John Malone, Liberty Media controls European telecom conglomerate Liberty Global, and also has major investments in Charter Communications, Starz and QVC, among other companies.
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