Media industry moves
*Christoph Pachler stepped downas CFO of Playboy EnterprisesInc., the company said April 11. Pachler will now assume the roleof CFO at Critical Content, a new independent content studio focused onunscripted and scripted content for broadcast, cable and digital platforms.Playboy tapped David Israel to be its new CFO. As an extension of his existingrole as COO, Israel will oversee the company's strategic planning, corporateand business development and financial operations.
*ITV Plc new senior executivesfor the ITV network and ITV Studios, according to an April 8 news release. ITVnamed former British BroadcastingCorp. Drama Controller Polly Hill to the network's commissioningteam as its new head of drama and Sue Murphy as its head of factualentertainment. The British broadcaster also named Siobhan Greene as the networkcommissioning team's head of entertainment and Peter Davey as its head ofcomedy entertainment. Angela Jain will replace Greene as managing director ofITV Studios Entertainment. Meanwhile, Rosemary Newell will become ITV's head ofdigital channels and acquisitions. She is joining ITV from unitDiscovery Networks InternationalLLC.
*Rovi Corp. Ted Schremp chiefmarketing officer of the company. Schremp will work with Rovi's executiveleadership team to build and drive the company's global marketing vision, Rovisaid April 11. Previously, Schremp served as CEO for SmartHomes Ventures, anInternet of Things platform-as-a-service startup in the connected home andsmart security market.
*BBC Worldwide Ltd.appointed Tom Fussellits new CFO, according to an April 8 news release. Fussell was most recentlyCFO at production company Shine Group. He also held various finance posts atthe BBC from 1997 to 2007. Fussell will replace Andrew Bott, who joinedRTL Group unitFremantleMedia Ltd., TBI Vision reported the same day.Meanwhile, BBC Worldwide's U.S. division hired Sergei Kuharsky as strategy andbusiness development chief, according to a separate April 8 TBI Vision report.Kuharsky was general manager at ScrippsNetworks Interactive Inc.'s Food Network (US).
*Overstock.com Inc.Founder and CEO Patrick Byrne tooka personal leave of absence for medical reasons, the company said April 11.Byrne recommended Mitch Edwards to be the acting CEO of the company. It isunknown if Byrne will return to work. Edwards has served as senior vicepresident and general counsel of Overstock.com since August 2015.
*Omnicom Group Inc.unit Omnicom Media Group unveileddetails about Hearts & Science, its third agency network. Hearts &Science will start operations in North America in April with Procter & Gambleas its inaugural client, the company said April 8. The agency will be led byScott Hagedorn as its CEO. Hagedorn previously served as the founding CEO ofAnnalect. At Annalect, Slavi Samardzija will succeed Hagedorn as global CEO andErin Matts as North American CEO. Samardzija and Matts move into their newroles from their previous positions as Annalect's Chief analytics officer andchief marketing officer, respectively. Further, Kathleen Brookbanks, COO of thenew agency, said Hearts & Science will open its 7 World Trade Centerfacility with a staff of 175, a number that is expected to exceed 300 by thebeginning of the third quarter. Additional offices will open starting shortlywith Canada and Puerto Rico, followed by a number of key markets outside NorthAmerica in the second half of 2016. The company will also announce the hiringof additional executives in the coming weeks.
*Amazon.com Inc.promoted Jeff Wilkeand Andy Jassy to newly created positions of CEO Worldwide Consumer and CEOAmazon Web Services, respectively. Wilke was previously senior vice president,Consumer Business, while Jassy was senior vice president, Web Services. JeffBezos remains CEO of the entire company. According to an April 7 official blogpost, the changes are "not a reorganization but rather a recognition"of the roles played by Wilke and Jassy in the growth of Amazon's three "bigpillars": Marketplace, Prime and AWS. The move could be part of asuccession plan for the company, or could mean that Amazon is planning to spinoff AWS as a separate unit, Business Insider reported the same day.
*IAC/InterActiveCorpnamed Glenn SchiffmanCFO of the company, according to an April 7 news release. Schiffman previouslyserved as a senior managing director at Guggenheim Securities LLC. He succeededJeff Kip, whose departure as CFO was announced in the summer of 2015. However,Kip will remain with the company and oversee the international expansion of theHomeAdvisor business.
Communications industry moves
*Limelight Networks Inc.on April 13 appointedSajid Malhotra to be the company's permanent CFO. Malhotra, who joinedLimelight in March 2014, was named the company's interim CFO in December 2015following the departure of Pete Perrone.
*Fusion TelecommunicationsInternational Inc. namedMichael Bauer CFO of the company. Bauer previously served as CFO of GTTCommunications Inc., a global cloud networking provider, the company said April13.
*Level 3 Communications Inc.CEO Jeff Storey has returnedto work after a medical leave of absence. The company said April 13 that Storeyhas resumed all of his duties and responsibilities.
*Nokia Corp. revealedApril 6 plans to reduceits global workforce, in a bid to save €900 million of operating costsfollowing its acquisition of French telecom equipment firm . Bloomberg Newsreported the same day that Nokia is expected to reduce up to 14% of itsworkforce, or about 15,000 positions out of a total workforce of 104,000.Expected to take place until end-2018, the job cuts will affect areas whereNokia and Alcatel-Lucent have overlaps, including research and development,regional and sales groups, and corporate functions. Nokia said it will holdmeetings with workers in almost 30 countries where it is present. President andCEO Rajeev Suri assured that Nokia will provide transition assistance and otherforms of support to all employees who will be affected by the workforcereductions.