CFO Warren Leaving Discovery at Year EndSearch firm hired to find replacement 2/23/2016 05:28:00 PM Eastern
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.”