Comcast reshuffles executive management
DetailsMichelle Clancy | 10 March 2015
Comcast has logged some executive reshuffling, naming Lawrence Salva as chief accounting officer and controller, and an executive vice president; Arthur Block general counsel and executive VP; and chief communications officer D'Arcy Rudnay as an executive VP.
Notably, Salva led accounting and reporting functions at Comcast for 15 years before this appointment, while Rudnay becomes the company's first female EVP.
The news comes as the proposed merger of Comcast and Time Warner Cable remains stalled, as regulators weigh competitive concerns. Even so, Jeff Wlodarczak, CEO of Pivotal Research Group, said in an investor note that he thinks there's an 80% chance of approval.
Rudnay, formerly the company's chief communications officer, will act as communications counsel to the executive team, and lead the management of the company's brand, reputation and strategic and financial communications to external audiences and to the company's 139,000 employees.
Prior to joining Comcast, D'Arcy spent nearly ten years in the financial services industry. She holds a master's degree from The University of Pennsylvania, and received her BA from Trinity College.
"D'Arcy has led us through game-changing acquisitions, industry-shaping technological innovations and some of the most important milestones in our company's history," said CEO Brian Roberts. "She is a trusted partner to me and to the entire senior executive team, and we are fortunate to have her counsel, talent and passion as we look ahead to an exciting future."
Salva will be responsible for external financial and management reporting for Comcast, and will oversee its corporate accounting and corporate internal controls, enterprise risk management, and support of the corporate financial planning and analysis functions.
"Larry has done a phenomenal job leading our accounting and reporting functions across the company," said Michael Angelakis, vice chairman and CFO for Comcast. "For 15 years, he has been an integral part of Comcast's financial success. He is a trusted advisor who is well-respected in our industry and always brings strategic thinking and leadership to his work."
Prior to joining Comcast in January 2000, Larry was a partner with PricewaterhouseCoopers for over 12 years. He has a BA from Glassboro State/Rowan University.
Block meanwhile, as the chief legal officer, will oversee Comcast's legal, corporate governance, compliance and strategic intellectual property functions. During his 26 years with the company, he has served as the lead in-house attorney for Comcast's mergers, acquisitions and financings, including transformative acquisitions like AT&T Broadband and NBCUniversal.
"Art has been an outstanding leader of our legal affairs team and has earned great respect from his colleagues and peers throughout our company and industry," said David Cohen, EVP at Comcast. "He is a trusted advisor who provides excellent judgment, strong leadership and extensive industry experience, and has led the company through some of its most complex transactions."
Prior to joining Comcast, Block was a partner in the corporate department of the Philadelphia law firm Wolf Block, where he began his legal career in 1978. He received his BS in economics from the University of Pennsylvania's Wharton School of Business, and his JD from the University of Michigan Law School.