Liberty Global Announces Changes within Finance Organization
August 25 2016 - 4:00AM
Business Wire
- Bernie Dvorak to Retire as Co-CFO
after 30 Years of Leadership
- Charlie Bracken to Assume Sole CFO
Position
- Jason Waldron Joins as Chief
Accounting Officer
Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB,
LBTYK, LILA and LILAK) is announcing changes within its finance and
accounting organization following the planned retirement of Bernie
Dvorak who currently serves as EVP and Co-Chief Financial Officer
responsible for accounting, compliance and investor relations. Mr.
Dvorak will retire at the end of this year, after over three
decades of leadership positions in the cable industry, most of
which have been with Liberty Global and affiliated companies.
Effective January 1, 2017, Charlie Bracken, currently EVP and
Co-Chief Financial Officer responsible for finance and treasury
operations will assume the sole position of Chief Financial Officer
for Liberty Global. Mr. Bracken joined Liberty’s predecessor
operations in Europe as CFO in 1999 from Goldman Sachs, and was
appointed Co-CFO of Liberty Global at its formation in 2004.
Effective October 1, 2016, the Liberty Global finance team will
be further strengthened with the appointment of Jason Waldron as
Senior Vice President and Chief Accounting Officer, reporting to
Charlie Bracken. Mr. Waldron has served 22 years in public
accounting and is currently a partner for KPMG LLP in its
telecommunications practice in Denver. He served as KPMG’s lead
audit partner for Liberty Global from 2010 to 2014.
Mike Fries, CEO of Liberty Global, paid tribute to Mr.
Dvorak: "Bernie and I have worked together for over 26 years,
beginning with the formation of this business in 1989. He has
contributed immensely to the success of Liberty Global, especially
during the last 10 years building a world-class accounting and
reporting organization and seamlessly managing the financial
integration of more than 215 acquisitions. I am extremely
grateful for his service and friendship and wish him well in his
well-earned retirement.”
Mr. Fries continued: “I am delighted that Charlie Bracken has
agreed to take on this enhanced role. He has been instrumental
in developing and executing our broader finance and treasury
functions and has been a trusted member of my executive management
team for over 17 years. I am also very pleased that Jason has
agreed to join the newly-integrated team. Jason is a top caliber
executive, well-known to Liberty and with a deep understanding of
our people, business and operating procedures.”
About Liberty Global
Liberty Global is the world’s largest international TV and
broadband company, with operations in more than 30 countries across
Europe, Latin America and the Caribbean. We invest in the
infrastructure that empowers our customers to make the most of the
digital revolution. Our scale and commitment to innovation enables
us to develop market-leading products delivered through
next-generation networks that connect our 29 million customers who
subscribe to over 59 million television, broadband internet and
telephony services. We also serve 11 million mobile subscribers and
offer WiFi service across seven million access points.
Liberty Global’s businesses are comprised of two stocks: the
Liberty Global Group (NASDAQ: LBTYA, LBTYB and LBTYK) for our
European operations, and the LiLAC Group (NASDAQ: LILA and LILAK,
OTC Link: LILAB), which consists of our operations in Latin America
and the Caribbean.
The Liberty Global Group operates in 12 European countries under
the consumer brands Virgin Media, Ziggo, Unitymedia, Telenet and
UPC. The LiLAC Group operates in over 20 countries in Latin America
and the Caribbean under the consumer brands VTR, Flow, Liberty, Mas
Movil and BTC. In addition, the LiLAC Group operates a subsea fiber
network throughout the region in over 30 markets.
For more information, please visit www.libertyglobal.com or
follow us on twitter, LinkedIn, Facebook and Instagram.
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version on businesswire.com: http://www.businesswire.com/news/home/20160825005239/en/
Liberty GlobalInvestor
Relations:Oskar Nooij, +1 303 220 4218Christian
Fangmann, +49 221 8462 5151John Rea, +1 303 220 4238orCorporate Communications:Matt Beake, +44 20
8483 6428Rebecca Pike, +44 20 8483 6216
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