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Discovery Creates Four CFO Positions

6/28/2007 7:00 AM Eastern

Discovery Communications created new chief-financial-officer positions across key brands including Discovery Channel, TLC, Animal Planet and Planet Green.

“The move is aimed at increasing shareholder value by providing more robust financial planning and management for Discovery’s U.S. networks,” CFO Roger Millay said in a prepared statement.

The new moves will have four CFOs work closely with each network’s president and chief operating officer and lead finance teams within the group they serve.

Newly appointed CFOs include Kristen Welch for Discovery Channel and The Science Channel; Ben Teicher for Animal Planet, Discovery Kids Media and Planet Green; and Doug Baker for Discovery Health Media Enterprises and for digital media, emerging networks and business development.

The company plans to appoint a network CFO for TLC, as well.

September