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Executive reshuffle: Liberty Media Corporation

Liberty, which owns more than a third of Live Nation Entertainment, has appointed Live Nation director Mark Carleton as CFO and made two other internal hires

By IQ on 02 Sep 2016

Greg Maffei, Liberty Media Corporation, Thomas Hawk

image © Thomas Hawk

Liberty Media Corporation, the Colorado-based mass media group that holds a 34% stake in Live Nation, has made three new internal hires.

Former chief development officer Mark Carleton, who was recently reappointed, along with president and CEO Greg Maffei, to Live Nation’s board of directors, has become chief financial officer (CFO), overseeing Liberty’s accounts and corporate treasury.

Christopher Shean, meanwhile, moves from CFO to a senior adviser role with responsibility for unnamed “significant investments”, while former chief tax officer Albert Rosenthaler has been appointed chief corporate developer officer.

“We congratulate Mark, Chris and Albert and look forward to their continued service at Liberty Media in these new roles”

All will report to Maffei (pictured), who says: “We are pleased to announce these management changes, which will benefit the organisation. We congratulate Mark, Chris and Albert and look forward to their continued service at Liberty Media in these new roles.”

Maffei in July offered $3.4bn for music streaming service Pandora in a bid to bring it and Live Nation under one roof.

Liberty Media’s other investments include the Pepsi Center in Denver (18,007-cap.), the Atlanta Braves baseball team and its stadium, Turner Field (49,586-cap.) and a number of TV, radio, telecommunications and ecommerce businesses. It grew its revenue to US$1.366 billion in Q2 2016, up from $1.222bn in the same period last year.

 


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