Categories: Stock Market News

Liberty Media names Derek Chang as new CEO


Investing.com – Liberty Media has appointed Derek Chang as its President and Chief Government Officer, efficient February 1, 2025, the corporate mentioned on Wednesday.

Chang, who has been serving on Liberty Media’s board since March 2021, has expertise working with numerous firms within the international media, sports activities, and leisure industries.

His background contains management roles at EverPass Media, the NBA, DIRECTV, Scripps, Constitution, and TCI, equipping him with a complete understanding of Liberty’s operations and company historical past.

Liberty Media’s Chairman, John Malone, mentioned he was assured in Chang’s management skills, citing his in depth experience and familiarity with the corporate. Malone, who has labored with Chang for over 25 years, will act as interim CEO till Chang assumes his function.

Chang’s appointment is a part of Liberty’s technique to optimize its portfolio construction, which incorporates the latest split-off of Liberty Dwell and supporting the expansion of its working property.

Chang will be part of the Government Committee of the Liberty Media Board alongside John Malone, Vice Chairman Dob Bennett, and Chase Carey.

This text was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.

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