Liberty confirms continuity in senior management
DetailsEditor | 30 December 2014
As its corporate parent maintains its strategy of gaining global market share by acquisition, Greg Maffei is to continue as president and CEO of Liberty Interactive Corporation and Liberty Media.
liberty globalLiberty Interactive Corporation operates and owns interests in a range of digital commerce businesses currently attributed to two tracking stock groups: the QVC Group and the Liberty Ventures Group. QVC Group consists of QVC Inc and an interest in HSN Inc, and the businesses and assets attributed to the Liberty Ventures Group consist of all Liberty Interactive Corporation's businesses and assets other than those attributed to the QVC Group, including its interest in Expedia, its subsidiaries Provide Commerce, Backcountry.com, Bodybuilding.com, CommerceHub, LMC Right Start and Evite, and minority interests in Time Warner, Time Warner Cable, Lending Tree and Interval Leisure Group.
The two companies' respective boards have approved the new employment arrangements with Maffei, securing his services to 2019. "We are extremely pleased that Greg will continue in his leadership role for another five years," said John Malone, chairman of Liberty Interactive and Liberty Media. "His creativity and strategic vision have been transformational and have created tremendous shareholder value since he joined us in 2005."
"I am thrilled to continue in my role at Liberty," Maffei added. "I want to thank John and the board members for the support I have received as we have made significant investments and transformative changes. Today, Liberty has a portfolio of businesses that are very well positioned for the digital mobile era, led by great management teams, with the resources to be opportunistic in the future."