[August 25, 2016] |
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Liberty Global Announces Changes within Finance Organization
Liberty Global (News - Alert) 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. Friescontinued: "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 (News - Alert) 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 (News - Alert), 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
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View source version on businesswire.com: http://www.businesswire.com/news/home/20160825005239/en/
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