Sinclair Broadcast Group Inc (NASDAQ:SBGI) Files An 8-K

ME Staff
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Sinclair Broadcast Group Inc (NASDAQ:SBGI) announced the following executive promotions and changes which will become effective January 1, 2017:

  • David Smith from Chairman, President & Chief Executive Officer to Executive Chairman.  Mr. Smith will have direct oversight of the development, implementation and globalization of the Next Generation Broadcast Platform (ATSC 3.0) and expansion of our news franchise.  Mr. Smith will also be directly involved with public policy as it relates to the broadcast industry.
  • Christopher Ripley from Chief Financial Officer to President & Chief Executive Officer.  Mr. Ripley will oversee and manage the Company’s business and operations.  Mr. Ripley will report to the Board of Directors.
  • Lucy Rutishauser from SVP Corporate Finance & Treasurer to SVP Chief Financial Officer & Treasurer.  Ms. Rutishauser will have direct oversight of the Company’s treasury, accounting, tax, finance, business intelligence & analytics, investor relations and corporate communications departments.

Mr. Ripley has served as Chief Financial Officer of the Company since 2014.  From 2013 until joining the Company, he was Founder and Managing Partner of Canor LLC, a boutique media/entertainment advisory firm.  From 2001 to 2013, he was a Managing Director at UBS Investment Bank’s Global Media Group and served as Head of the Los Angeles office where he managed, advised and/or structured various financings and merger and acquisition transactions, managed bankers and support staff, and oversaw regulatory and compliance matters for the office.

Ms. Rutishauser has served as the Company’s SVP Corporate Finance & Treasurer since 2013, as VP Corporate Finance & Treasurer from 2002 to 2013, as Treasurer from 2001 to 2002, and as Assistant Treasurer from 1998 to 2001.