SPHERE ENTERTAINMENT ANNOUNCES EVP, CFO AND TREASURER, DAVID BYRNES, WILL BE LEAVING THE COMPANY
Sphere Entertainment Co. (NYSE: SPHR) has announced that David F. Byrnes, the company's Executive Vice President, Chief Financial Officer, and Treasurer, will be leaving the company. Byrnes will continue in his current role for an interim period to ensure a smooth transition while the company searches for a new CFO and Treasurer.
Byrnes has been in his current position since December 2023, following his role as Executive Vice President and CFO of Madison Square Garden Entertainment Corp. from January 2022 to December 2023. During his tenure, he played a important role in several strategic transactions, including:
- The spin-off of MSG Entertainment from Sphere Entertainment in April 2023
- The sale of Sphere Entertainment's majority interest in Tao Group Hospitality in May 2023
- Two secondary stock offerings in June and September 2023, where Sphere Entertainment sold its remaining shares in MSG Entertainment
Sphere Entertainment Co. (NYSE: SPHR) ha annunciato che David F. Byrnes, Vicepresidente Esecutivo, Direttore Finanziario e Tesoriere della società, lascerà l'azienda. Byrnes continuerà a ricoprire il suo attuale ruolo per un periodo di transizione, per garantire un passaggio agevole mentre l'azienda cerca un nuovo CFO e Tesoriere.
Byrnes occupa la sua posizione attuale da dicembre 2023, dopo aver ricoperto il ruolo di Vicepresidente Esecutivo e CFO di Madison Square Garden Entertainment Corp. da gennaio 2022 a dicembre 2023. Durante il suo mandato, ha svolto un ruolo importante in diverse transazioni strategiche, tra cui:
- Lo scorporo di MSG Entertainment da Sphere Entertainment nell'aprile 2023
- La vendita della maggioranza delle azioni di Sphere Entertainment in Tao Group Hospitality nel maggio 2023
- Due offerte secondarie di azioni a giugno e settembre 2023, in cui Sphere Entertainment ha venduto le sue rimanenti azioni in MSG Entertainment
Sphere Entertainment Co. (NYSE: SPHR) ha anunciado que David F. Byrnes, el Vicepresidente Ejecutivo, Director Financiero y Tesorero de la empresa, dejará la compañía. Byrnes continuará en su rol actual durante un período interino para asegurar una transición fluida mientras la empresa busca un nuevo CFO y Tesorero.
Byrnes ha estado en su puesto actual desde diciembre de 2023, tras su rol como Vicepresidente Ejecutivo y CFO de Madison Square Garden Entertainment Corp. desde enero de 2022 hasta diciembre de 2023. Durante su mandato, desempeñó un papel importante en varias transacciones estratégicas, incluyendo:
- El escisión de MSG Entertainment de Sphere Entertainment en abril de 2023
- La venta del interés mayoritario de Sphere Entertainment en Tao Group Hospitality en mayo de 2023
- Dos ofertas de acciones secundarias en junio y septiembre de 2023, donde Sphere Entertainment vendió sus acciones restantes en MSG Entertainment
Sphere Entertainment Co. (NYSE: SPHR)는 David F. Byrnes가 회사의 부사장, 최고재무책임자(CFO) 및 Treasurer를 떠난다고 발표했습니다. Byrnes는 새로운 CFO 및 재무담당자를 찾는 동안 원활한 전환을 보장하기 위해 당분간 현재 직책을 계속 수행할 것입니다.
Byrnes는 2023년 12월부터 현재 직위를 맡고 있으며, 2022년 1월부터 2023년 12월까지 매디슨 스퀘어 가든 엔터테인먼트의 부사장 및 CFO를 역임했습니다. 그의 재임 기간 동안 그는 여러 전략적 거래에서 중요한 역할을 했습니다. 이에는 다음이 포함됩니다:
- 2023년 4월 Sphere Entertainment에서 MSG Entertainment의 분사
- 2023년 5월 Tao Group Hospitality에 대한 Sphere Entertainment의 대다수 지분 매각
- 2023년 6월과 9월의 두 차례의 주식 2차 공모에서 Sphere Entertainment가 MSG Entertainment의 남은 주식을 매각한 것
Sphere Entertainment Co. (NYSE: SPHR) a annoncé que David F. Byrnes, le Vice-Président Exécutif, Directeur Financier et Trésorier de l'entreprise, quittera la société. Byrnes continuera dans son rôle actuel pendant une période intérimaire pour garantir une transition en douceur pendant que l'entreprise recherche un nouveau CFO et Trésorier.
Byrnes occupe son poste actuel depuis décembre 2023, après avoir été Vice-Président Exécutif et CFO de Madison Square Garden Entertainment Corp. de janvier 2022 à décembre 2023. Au cours de son mandat, il a joué un rôle important dans plusieurs transactions stratégiques, notamment :
- Le démembrement de MSG Entertainment de Sphere Entertainment en avril 2023
- La vente de l'intérêt majoritaire de Sphere Entertainment dans Tao Group Hospitality en mai 2023
- Deux offres d'actions secondaires en juin et septembre 2023, où Sphere Entertainment a vendu ses actions restantes dans MSG Entertainment
Sphere Entertainment Co. (NYSE: SPHR) hat bekannt gegeben, dass David F. Byrnes, der Executive Vice President, Chief Financial Officer und Treasurer des Unternehmens, das Unternehmen verlassen wird. Byrnes wird seine derzeitige Rolle über einen Übergangszeitraum hinweg weiterführen, um einen reibungslosen Übergang zu gewährleisten, während das Unternehmen nach einem neuen CFO und Treasurer sucht.
Byrnes ist seit Dezember 2023 in seiner aktuellen Position, nachdem er von Januar 2022 bis Dezember 2023 als Executive Vice President und CFO der Madison Square Garden Entertainment Corp. tätig war. Während seiner Amtszeit spielte er eine wichtige Rolle in mehreren strategischen Transaktionen, darunter:
- Die Abspaltung von MSG Entertainment von Sphere Entertainment im April 2023
- Der Verkauf der Mehrheitsanteile von Sphere Entertainment an der Tao Group Hospitality im Mai 2023
- Zwei sekundäre Aktienangebote im Juni und September 2023, bei denen Sphere Entertainment seine verbleibenden Anteile an MSG Entertainment verkaufte
- Smooth transition planned with Byrnes continuing in his role during the search for a new CFO
- Successful completion of strategic transactions under Byrnes' leadership, including spin-offs and stock offerings
- Departure of a key executive (CFO) who played a critical role in recent strategic transactions
- Potential disruption in financial leadership during the transition period
Mr. Byrnes has served as Executive Vice President, Chief Financial Officer and Treasurer of the Company since December 2023. Prior to that, he served as Executive Vice President and Chief Financial Officer of Madison Square Garden Entertainment Corp. ("MSG Entertainment") from January 2022 to December 2023. In these roles, Mr. Byrnes played a critical role in many strategic transactions, including the spin-off of MSG Entertainment from the Company in April 2023, the sale of the Company's majority interest in Tao Group Hospitality in May 2023, and two secondary stock offerings in June 2023 and September 2023, whereby the Company sold its remaining shares in MSG Entertainment.
About Sphere Entertainment Co.
Sphere Entertainment Co. is a premier live entertainment and media company. The Company includes Sphere, a next-generation entertainment medium powered by cutting-edge technologies to redefine the future of entertainment. The first Sphere venue opened in
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SOURCE Sphere Entertainment Co.
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