Mark Lazarus Sets Executive Team at Comcast SpinCo Cable Business

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Under the leadership of incoming CEO Mark Lazarus and CFO Anand Kini, Comcast’s SpinCo cable division is starting to crystallize.

On Thursdays, Comcast unveiled their executive team for the upcoming company, which consists of seasoned professionals from NBCUniversal.

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Last Thursday, Comcast revealed its top management team for the new venture, all of whom are long-time NBCUniversal veterans.

In our top management team, we’ll have Val Boreland joining, taking on the role of President in charge of entertainment for our upcoming project. At present, Val is serving as the Executive Vice President and Head of Television and Streaming Content Acquisitions at NBCUniversal.

Keith Cocozza, the current head of communications at CNBC, is set to take on the role of Chief Communications Officer in the newly formed company. Meanwhile, Brian Dorfler, presently leading Human Resources within the NBCU Media Group, will assume responsibility for HR in this new entity.

Jeff Mayzurk, who is presently overseeing operations and technology at the NBCUniversal News Group, will assume the role of President for Operations and Technology at the new company. On the other hand, Kristin Newkirk, who is currently serving as CFO for NBCU’s local media group, will take on the position of Chief Financial Officer for TV networks in the new organization.

David Pietrycha has been appointed as the Chief Revenue and Business Officer, responsible for managing business development, advertising sales, distribution, and data & research. At present, he serves as the Chief Business Officer of the NBCU Media Group. In addition, Greg Wright will assume the role of Chief Accounting Officer and Controller. Further executive appointments are anticipated in the forthcoming weeks.

According to Comcast, the newly appointed leadership team is set to commence their duties in April, and the company’s spinoff is anticipated to occur later this year.

In November, Comcast announced that it would separate into a new company, with experienced executive Lazarus taking the helm of this public entity. This new company, called SpinCo, will encompass cable networks such as USA, CNBC, MSNBC, Syfy, E! and Golf Channel, in addition to digital ventures like Fandango and Rotten Tomatoes.

The company’s insider has portrayed it as a keen acquirer, aiming to rapidly expand its presence in the television and streaming market.

On this exciting venture to create an exceptional multimedia company, I’m delighted to have these gifted professionals by my side, who possess the knowledge and background crucial for making SpinCo stand out from the start,” Lazarus said in a statement. “Together, we will leverage our renowned media resources, map out a path for expansion, and draw more skilled individuals as we gather speed towards the completion of the spin-off.

Kini stated that this team was specifically chosen due to their proficiency in their respective areas of work. He expressed his belief that, led by Mark, they would create and construct a cutting-edge media company with the size to contend and the approach to tap into both internal and external expansion possibilities.

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2025-01-09 18:24