8-KLeadership ChangesExhibits & Filings

Liberty Media Corp 8-K Report, Executive Changes (Sep 1, 2016)

Filed September 1, 2016For Securities:FWONKFWONAFWONB

Summary

This 8-K filing from Liberty Media Corp (FWONK) on September 1, 2016, announces significant changes to its senior management team, effective October 1, 2016. The key development is the transition of Christopher W. Shean from Chief Financial Officer to Senior Advisor, where he will continue to focus on the Company's significant investments. This move marks the end of his tenure as CFO after a long service dating back to 2011. Taking over the CFO role is Mark D. Carleton, who previously served as Chief Development Officer. Carleton brings extensive financial and development experience, including a background as a partner at KPMG LLP. Albert E. Rosenthaler has been appointed Chief Corporate Development Officer, tasked with identifying and pursuing investment opportunities and assisting in strategic direction to enhance stockholder value, moving from his previous role as Chief Tax Officer. These executive transitions suggest a strategic realignment within Liberty Media to leverage existing talent for future growth and investment initiatives.

Key Highlights

  • 1Christopher W. Shean transitions from CFO to Senior Advisor, continuing to oversee significant investments.
  • 2Mark D. Carleton appointed as the new Chief Financial Officer, responsible for accounting and treasury.
  • 3Albert E. Rosenthaler appointed as Chief Corporate Development Officer, focusing on investment opportunities and strategic direction.
  • 4Shean's departure from CFO role is effective October 1, 2016.
  • 5Carleton's prior roles include Chief Development Officer and extensive experience at KPMG LLP.
  • 6Rosenthaler's new role emphasizes driving stockholder value through strategic initiatives.
  • 7The changes are effective October 1, 2016, with a press release attached as an exhibit.

Frequently Asked Questions

Liberty Media announced that Christopher W. Shean is moving from Chief Financial Officer to Senior Advisor. Mark D. Carleton has been appointed as the new Chief Financial Officer, and Albert E. Rosenthaler has been appointed as Chief Corporate Development Officer. These changes are effective October 1, 2016.

As Senior Advisor, Mr. Shean will continue to oversee certain of the Company's significant investments, leveraging his extensive experience with Liberty Media and its predecessors.

Mark D. Carleton is the new Chief Financial Officer. He previously served as Chief Development Officer for Liberty Media and its affiliates. He also has a significant background as a partner at KPMG LLP, where he was responsible for the communications sector and served on KPMG's board of directors.

In his new role, Mr. Rosenthaler will be responsible for identifying and pursuing investment and other opportunities. He will also assist in setting strategic direction to maximize stockholder value and will oversee the company's senior tax officer.