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MUMBAI:
Wade Davis has been appointed as chief financial officer (CFO)
of US media conglomerate Viacom. The announcement was made
by Viacom COO Thomas E. Dooley.
Davis
previously served as Viacom executive VP, Strategy and Corporate
Development. He succeeds Jimmy Barge, who, after a transition
period with Davis, will leave the company to pursue other
opportunities.
Davis
will be responsible for the company's accounting and financial
reporting, planning, tax and treasury functions. He will also
continue to oversee the strategy and corporate development
functions across Viacom.
Dooley
said, "This is a well-deserved promotion for Wade, who
has made so many contributions to the growth and success of
Viacom. We are fortunate to have such a multi-talented executive
in our ranks with the leadership skills and the depth of experience
to move seamlessly into the CFO role.
He
is respected throughout the company for his knowledge of our
industry and his financial expertise. Wade has worked closely
with me and with Viacom's entire senior team on important
strategic initiatives, while also leading a disciplined corporate
development program that has enabled us to tap new growth
areas, both domestically and around the world.
"We
want to thank Jimmy for his professionalism and many years
of dedicated service to Viacom, particularly his outstanding
work to strengthen our financial position. His focus and expertise
were greatly appreciated by me, as well as by our financial
team and everyone at the company who worked closely with him.
We wish Jimmy all the best as he moves on to new opportunities
beyond Viacom."
Davis
said, "I feel extremely fortunate to take on this new
role at Viacom. This is an exciting and challenging time for
our company and our industry and I am looking forward to continuing
to work with Tom and Philippe Dauman, our President and CEO,
to keep Viacom financially strong and out in front. Best of
all, I step in on day one as CFO with a world-class financial
team by my side. Having worked with them closely for many
years, I know first hand the depth of their experience and
the breadth of their expertise. Working together, I know that
we will continue to help Viacom achieve its financial and
strategic goals."
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