Turner hires Peter Knag as new CFO

Peter Knag will report to Pascal Desroches. (AT&T/Turner)

AT&T has appointed Peter Knag as executive vice president and chief financial officer of Turner.

Knag, who has been with AT&T since 1999, got his new role after previously serving as the vice president of AT&T merger planning and leading financial planning and analysis for the $85 billion AT&T-Time Warner deal.

He has also worked as managing director of corporate development for AT&T, overseeing client relationships, analysis, negotiation and execution of mergers, acquisitions, joint ventures, divestitures and venture capital investments.

In his new role, Knag will report to Pascal Desroches, who was promoted to chief financial officer of WarnerMedia and administrative officer of Turner.

“This is an important time of transition for Turner, as the merger with AT&T will allow us to innovate even more quickly and create more value for fans, distributors, content creators and advertisers,” said Desroches in a statement. “Peter was instrumental during the integration process, and I am confident that he will continue to bring his expertise and leadership abilities to the Turner portfolio in this role.”

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Knag’s new role follows the recent exit of Turner CEO John Martin.

In a company memo, new AT&T Entertainment CEO John Stankey said Martin’s departure will allow Stankey to “work more closely with more Turner leaders and accelerate my personal learning of the business as we define our shared priorities across the company.”

Several major executives will all now report directly to Stankey: David Levy, president of Turner; Gerhard Zeiler, president of Turner International; and Jeff Zucker, president of CNN Worldwide. HBO CEO Richard Plepler and Warner Bros. head Kevin Tsujihara will also report to Stankey.

A previous version of this article incorrectly stated that John Martin had previously been serving as CFO of Turner.