September 20, 2013 |
Lionsgate's chief financial officer, James Keegan, a 25-year veteran of the company, is retiring and will be succeeded by James Barge, the former CFO of Viacom. Keegan, 55, will retire on Oct. 1 and will stay on as a consultant until Jan. 3 to help with the transition, the company said Friday. Barge, who will report to Lionsgate Chief Executive Jon Feltheimer, had already been working with Lionsgate as a consultant. He served as Viacom's CFO from 2010 to 2012 and earlier worked at Time Warner Inc. for 13 years.
September 19, 2013 |
Joy Covey, who helped take Amazon.com Inc. public as the Internet retailer's chief financial officer, died Wednesday when her bicycle collided with a van on a downhill stretch of road in San Mateo County. She was 50. Covey was riding her bicycle down Skyline Boulevard near Portola Valley, according to Art Montiel, a spokesman for the California Highway Patrol in Redwood City. She was pronounced dead at the scene. The San Mateo County coroner's office confirmed her identity. Covey, who lived in Woodside, was wearing a helmet, Montiel said.
July 22, 2013 |
Time Warner has tapped Howard Averill to be its chief financial officer after John Martin transitions from that role to chief executive of Turner Broadcasting next year. Averill is chief financial officer of Time Inc., the publishing unit that houses Time, Sports Illustrated and several other magazines that Time Warner is spinning off into a stand-alone public company later this year. Time Warner also said Joseph Ripp, a former chief financial officer of Time Inc., is returning to be its chief executive.
July 18, 2013 |
Time Warner Inc. is shaking up the leadership at its Turner Broadcasting unit. Phil Kent, chief executive of Turner Broadcasting since 2003, will give up that title at the beginning of next year to John Martin, Time Warner's chief financial officer. Kent will remain Turner's chairman until his contract expires at the end of next year. Turner, the parent of cable channels TNT, TBS, CNN, HLN, Cartoon Network and TruTV, is Time Warner's biggest revenue and profit generator. VIDEO: Summer 2013 TV preview Martin's rise positions him as a potential successor to Time Warner Chief Executive Jeff Bewkes, whose contract with the media giant expires in about five years.
April 29, 2013 |
J.C. Penney acquired a five-year $1.75 billion loan from Goldman Sachs as the struggling company looks to strengthen its finances. The news came about two weeks after J.C. Penney announced it had drawn $850 million from a $1.85 billion credit line. The loan, secured by its real estate and other assets, can be used to fund ongoing working capital requirements, the retailer said Monday. QUIZ: How much do you know about the sequester? "This loan facility is an important component of our strategic plan to strengthen the company's financial position," said Ken Hannah, J.C. Penney's chief financial officer in a statement.
CALIFORNIA | LOCAL
April 16, 2013 |
A Popcornopolis manager being held hostage by an employee in El Segundo is the gourmet-popcorn company's chief financial officer, authorities said Tuesday. A female employee armed with a handgun walked into the company's corporate offices at about 8:15 a.m. and ordered all employees out except for the CFO, said El Segundo Capt. Bob Turnbull. “At this point in time, we have her locked in an office … and we're negotiating,” Turnbull said. “We have it surrounded, and we're trying to end it peacefully.” Police have closed off the area for about 250 yards in each direction and are investigating whether the hostage taker has access to a TV or the Internet.