AMC Networks Chief Financial Officer Sean S. Sullivan to Depart the Company
AMC Networks (NASDAQ: AMCX) announced that Chief Financial Officer Sean S. Sullivan will depart for a senior role at another company, remaining until mid-October. The company plans to appoint an interim CFO or successor before his exit. Sullivan, who joined the company in 2010 and played a vital role in its financial planning, contributed significantly to diversifying the business and maintaining a strong financial profile, according to President and CEO Josh Sapan. AMC Networks operates several entertainment brands and has a robust global presence.
- Sullivan has contributed significantly to diversifying AMC Networks' business.
- Maintained a strong financial profile during his tenure.
- Departure of CFO could lead to potential uncertainty in financial management.
NEW YORK, Sept. 15, 2020 (GLOBE NEWSWIRE) -- AMC Networks (NASDAQ: AMCX) announced today its Chief Financial Officer Sean S. Sullivan is departing to take a senior position at another company. Mr. Sullivan will remain with AMC Networks through mid-October and the company will appoint an interim Chief Financial Officer or a successor prior to his departure.
AMC Networks President and CEO Josh Sapan said, “Sean joined AMC Networks a decade ago as we were preparing to become a separately traded public company. Since that time he has not only been a superb CFO, but a critical member of the executive team and a valued business partner to me. Sean has played a key role in helping to diversify our business and maintain a strong financial profile, and the shows we’ve developed that have delighted fans were made possible in no small part by his financial planning and involvement.”
Mr. Sullivan joined the company in 2010, prior to AMC Networks becoming a separate public company in July 2011. In addition to his financial responsibilities, which include accounting, tax, financial planning, treasury and investor relations, Mr. Sullivan oversees the Company’s broadcast, information technology, media management and business intelligence functions.
About AMC Networks Inc.
AMC Networks is a global entertainment company known for delivering high-quality content to audiences and a valuable platform to distributors and advertisers. The Company, which operates several of the most recognizable brands in entertainment, manages its business through two operating segments: (i) National Networks, which principally includes AMC, BBC AMERICA, IFC, SundanceTV and WE tv; and AMC Studios, the Company’s television production business; and (ii) International and Other, which principally includes AMC Networks International, the Company’s international programming business; AMC Networks SVOD, the Company's targeted subscription streaming services, Acorn TV, Shudder, Sundance Now and UMC (Urban Movie Channel); Levity Entertainment Group, the Company’s production services and comedy venues business; and IFC Films, the Company's independent film distribution business. For more information on AMC Networks, please visit the Company’s website at www.amcnetworks.com.
Contacts
Investor Relations
Seth Zaslow (646) 273-3766
seth.zaslow@amcnetworks.com
Corporate Communications
Georgia Juvelis (917) 542-6390
georgia.juvelis@amcnetworks.com
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