| Tue, Jun 16, 2009 |
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Industry Moves: Paramount Digital; AdMedia Partners; JEGI; Burrell, NBCU
—Paramount Digital Entertainment (PDE), part of *Viacom* and a division of Paramount Pictures Corporation, has appointed Keith Quinn as its SVP of creative development and production. Quinn will report to Thomas Lesinski, president of PDE, and will oversee the development and production of a pipeline of original digital content. Quinn joins PDE from Agility Studios, which he co-founded in 2008 as a cross-platform entertainment shop..others in the venture were Scott Ehrlich and Larry Tanz. Prior to that Quinn was SVP, development and production for the now-shuttered LivePlanet digital entertainment venture.
—Mark Edmiston, a notable fixture in the media banking sector for the last 20 years, has retired, after serving as a partner at media/marketing i-banking firm AdMedia Partners. Mike Klingensmith, who joined AdMedia last fall after a long stint at Time Inc, will replace him as the head of their media practice. Prior to joining AdMedia in 1999, Edmiston co-founded the rival i-bank The Jordan, Edmiston Group Inc. (JEGI), which still bears his name.
more after the jump
—Meanwhile at JEGI, Wenda Harris Millard has joined the firm’s advisory board. In April, Millard became President of Media Link, a strategic advisory and representation firm in the media sector. Previously, she was co-CEO and President, Media, Martha Stewart Living Omnimedia (NYSE: MSO) (MSLO).
—Burrell Comunications, the multicultural marketing firm, has appointed a Google (NSDQ: GOOG) vet as the head of its interactive division. Don Moore has joined as President of its newly formed digital unit. Before joining Burrell, Moore was Google’s Agency Team Lead for the Central and Western US. Prior to joining Google, Moore was the VP of Multicultural Sales for The Citadel (formerly ABC) Radio Network.
—At NBC Universal (NYSE: GE), till-now EVP of Communications Cory Shields has been named to the newly-created position of EVP of global policy strategies and alliances. He will “build alliances with IP-intensive industries, labor unions, and other organizations looking to protect jobs and grow the U.S. economy as well as advance the company’s agenda for strengthening IP protection for NBCU’s content”. He will be working with NBCU’s global legal and government relations team to drive the company’s anti-piracy agenda. He will report to Shields NBCU EVP and General Counsel Rick Cotton.
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paidContent.org
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| Mon, Jun 15, 2009 |
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Industry Moves: Paramount Digital; AdMedia Partners; JEGI; Burrell, NBCU
—Paramount Digital Entertainment (PDE), part of *Viacom* and a division of Paramount Pictures Corporation, has appointed Keith Quinn as its SVP of creative development and production. Quinn will report to Thomas Lesinski, president of PDE, and will oversee the development and production of a pipeline of original digital content. Quinn joins PDE from Agility Studios, which he co-founded in 2008 as a cross-platform entertainment shop..others in the venture were Scott Ehrlich and Larry Tanz. Prior to that Quinn was SVP, development and production for the now-shuttered LivePlanet digital entertainment venture.
—Mark Edmiston, a notable fixture in the media banking sector for the last 20 years, has retired, after serving as a partner at media/marketing i-banking firm AdMedia Partners. Mike Klingensmith, who joined AdMedia last fall after a long stint at Time Inc, will replace him as the head of their media practice. Prior to joining AdMedia in 1999, Edmiston co-founded the rival i-bank The Jordan, Edmiston Group Inc. (JEGI), which still bears his name.
—Meanwhile at JEGI, Wenda Harris Millard has joined the firm’s advisory board. In April, Millard became President of Media Link, a strategic advisory and representation firm in the media sector. Previously, she was co-CEO and President, Media, Martha Stewart Living Omnimedia (NYSE: MSO) (MSLO).
—Burrell Comunications, the multicultural marketing firm, has appointed a Google (NSDQ: GOOG) vet as the head of its interactive division. Don Moore has joined as President of its newly formed digital unit. Before joining Burrell, Moore was Google’s Agency Team Lead for the Central and Western US. Prior to joining Google, Moore was the VP of Multicultural Sales for The Citadel (formerly ABC) Radio Network.
—At NBC Universal (NYSE: GE), till-now EVP of Communications Cory Shields has been named to the newly-created position of EVP of global policy strategies and alliances. He will “build alliances with IP-intensive industries, labor unions, and other organizations looking to protect jobs and grow the U.S. economy as well as advance the company’s agenda for strengthening IP protection for NBCU’s content”. He will be working with NBCU’s global legal and government relations team to drive the company’s anti-piracy agenda. He will report to Shields NBCU EVP and General Counsel Rick Cotton.
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paidContent.org
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| Thu, Jun 11, 2009 |
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Industry Moves: Yahoo Picks Semiconductor Executive As CFO
Yahoo (NSDQ: YHOO) has once again gone outside the company and the internet sector to find a top executive—naming Altera Corp. CFO Timothy Morse to be its new chief financial officer. The announcement concludes a lengthy search to replace departing CFO Blake Jorgensen. Prior to joining the semiconductor firm Altera, Morse spent 15 years at General Electric (NYSE: GE). He was CFO of GE Plastics.
His hiring fills the biggest remaining executive vacancy at Yahoo, although the company is still on the lookout for a new head of international operations. Many of CEO Carol Bartz’s other recent hires have also come from outside the business. Elisa Steele, whom Bartz appointed as the company’s chief marketing officer last month, was previously at data storage firm NetApp. The company’s new senior vice president for customer advocacy Jeff Russakow is from Symantec. Bartz herself, of course, was CEO at software maker Autodesk.
In a filing with the SEC, Yahoo said that Morse will immediately receive a $500,000 bonus to compensate him for benefits he is leaving behind at Altera. He will also receive a base salary of $500,000, an option to purchase 400,000 shares of Yahoo stock, and 150,000 restricted stock units.
Yahoo announced that Jorgensen would leave in February and he has since accepted a new job as CFO at jeans-maker Levi Strauss & Co.
Full release after the jump.
SUNNYVALE, Calif., Jun 11, 2009 (BUSINESS WIRE)—Yahoo! Inc. (Nasdaq:YHOO) announced today that the Board of Directors has appointed Tim Morse as chief financial officer. Reporting directly to Carol Bartz, the chief executive officer of Yahoo!, Morse will be responsible for the company’s finance, investor relations, and mergers and acquisitions groups. He will commence employment on June 17, 2009 and will assume the responsibilities of CFO on July 1, 2009.
“Tim has a proven ability to translate strategy into structure, process, and execution, and I am delighted that he will be joining my leadership team to help drive Yahoo!‘s growth,” said Bartz. “With his passion for operational finance, global experience, and expertise simplifying complex organizations and managing growth, Tim is a natural fit for Yahoo!.”
Morse has financial experience in both large and small organizations, managing in complex, fast-paced environments and establishing scalable, cost-effective processes and controls. Prior to joining Yahoo!, he was the CFO of Altera Corporation, a semiconductor company specializing in programmable logic devices for communications, industrial, and consumer applications. Morse previously served as the CFO and general manager of business development for General Electric Plastics. A 15 year veteran of GE, he also held a variety of positions at GE Plastics, GE Appliances and GE Capital in North America, Europe and Asia.
“Yahoo! is an amazing brand with a unique combination of assets, and I am extremely excited to be joining a finance team with a deep commitment to financial excellence and fiscal discipline,” said Morse. “I look forward to working with the entire leadership team to continue to focus on driving results and creating value for our shareholders.”
Morse holds a bachelor’s degree in finance and operations and strategic management from the Boston College Carroll School of Management.
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paidContent.org
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Industry Moves: Yahoo Picks Semiconductor Executive As CFO
Yahoo has once again gone outside the company and the internet sector to find a top executive—naming Altera Corp. CFO Timothy Morse to be its new chief financial officer. The announcement concludes a lengthy search to replace departing CFO Blake Jorgensen. Prior to joining the semiconductor firm Altera, Morse spent 15 years at General Electric (NYSE: GE). He was CFO of GE Plastics.
His hiring fills the last remaining big executive vacancy at Yahoo (NSDQ: YHOO). Many of CEO Carol Bartz’s other hires have also come from outside the business. Elise Steele, whom Bartz appointed as the company’s chief marketing officer last month, was previously at data storage firm NetApp. The company’s new senior vice president for customer advocacy Jeff Russakow is from Symantec. Bartz herself, of course, was CEO at software maker Autodesk.
In a filing with the SEC, Yahoo said that Morse will immediately receive a $500,000 bonus to compensate him for benefits he is leaving behind at Altera. He will also receive a base salary of $500,000, an option to purchase 400,000 shares of Yahoo stock, and 150,000 restricted stock units.
Yahoo announced that Jorgensen would leave in February and he has since accepted a new job as CFO at jeans-maker Levi Strauss & Co.
Full release after the jump.
SUNNYVALE, Calif., Jun 11, 2009 (BUSINESS WIRE)—Yahoo! Inc. (Nasdaq:YHOO) announced today that the Board of Directors has appointed Tim Morse as chief financial officer. Reporting directly to Carol Bartz, the chief executive officer of Yahoo!, Morse will be responsible for the company’s finance, investor relations, and mergers and acquisitions groups. He will commence employment on June 17, 2009 and will assume the responsibilities of CFO on July 1, 2009.
“Tim has a proven ability to translate strategy into structure, process, and execution, and I am delighted that he will be joining my leadership team to help drive Yahoo!‘s growth,” said Bartz. “With his passion for operational finance, global experience, and expertise simplifying complex organizations and managing growth, Tim is a natural fit for Yahoo!.”
Morse has financial experience in both large and small organizations, managing in complex, fast-paced environments and establishing scalable, cost-effective processes and controls. Prior to joining Yahoo!, he was the CFO of Altera Corporation, a semiconductor company specializing in programmable logic devices for communications, industrial, and consumer applications. Morse previously served as the CFO and general manager of business development for General Electric Plastics. A 15 year veteran of GE, he also held a variety of positions at GE Plastics, GE Appliances and GE Capital in North America, Europe and Asia.
“Yahoo! is an amazing brand with a unique combination of assets, and I am extremely excited to be joining a finance team with a deep commitment to financial excellence and fiscal discipline,” said Morse. “I look forward to working with the entire leadership team to continue to focus on driving results and creating value for our shareholders.”
Morse holds a bachelor’s degree in finance and operations and strategic management from the Boston College Carroll School of Management.
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paidContent.org
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Industry Moves: Yahoo Appoints Semiconductor Executive As CFO
Concluding a lengthy search to replace departing CFO Blake Jorgensen, Yahoo (NSDQ: YHOO) said Thursday that Timothy Morse will become its next CFO. Morse—currently the CFO at semiconductor firm Altera Corp.—will be the latest executive with non-Internet experience to join the company since Carol Bartz took over as CEO earlier this year. Prior to joining Altera, Morse spent 15 years at General Electric.
His hiring fills the last remaining big executive vacancy at the company. Many of Bartz’s other hires have also come from outside the business. For instance, Elise Steele, who Bartz appointed as the company’s chief marketing officer last month was previously at data storage firm NetApp. The company’s new senior vice president for customer advocacy Jeff Russakow is from Symantec. Bartz herself, of course, was CEO at software maker Autodesk.
Yahoo announced that Jorgensen would leave in February and he has since accepted a new job as CFO at jeans-maker Levi Strauss & Co.
Full release after the jump.
SUNNYVALE, Calif., Jun 11, 2009 (BUSINESS WIRE)—Yahoo! Inc. (Nasdaq:YHOO) announced today that the Board of Directors has appointed Tim Morse as chief financial officer. Reporting directly to Carol Bartz, the chief executive officer of Yahoo!, Morse will be responsible for the company’s finance, investor relations, and mergers and acquisitions groups. He will commence employment on June 17, 2009 and will assume the responsibilities of CFO on July 1, 2009.
“Tim has a proven ability to translate strategy into structure, process, and execution, and I am delighted that he will be joining my leadership team to help drive Yahoo!‘s growth,” said Bartz. “With his passion for operational finance, global experience, and expertise simplifying complex organizations and managing growth, Tim is a natural fit for Yahoo!.”
Morse has financial experience in both large and small organizations, managing in complex, fast-paced environments and establishing scalable, cost-effective processes and controls. Prior to joining Yahoo!, he was the CFO of Altera Corporation, a semiconductor company specializing in programmable logic devices for communications, industrial, and consumer applications. Morse previously served as the CFO and general manager of business development for General Electric (NYSE: GE) Plastics. A 15 year veteran of GE, he also held a variety of positions at GE Plastics, GE Appliances and GE Capital in North America, Europe and Asia.
“Yahoo! is an amazing brand with a unique combination of assets, and I am extremely excited to be joining a finance team with a deep commitment to financial excellence and fiscal discipline,” said Morse. “I look forward to working with the entire leadership team to continue to focus on driving results and creating value for our shareholders.”
Morse holds a bachelor’s degree in finance and operations and strategic management from the Boston College Carroll School of Management.
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