PE-backed STX Entertainment recruits Warren as CFO

Next-generation media company STX Entertainment has hired Andrew Warren as chief financial officer. His appointment becomes effective April 3, 2017. Previously, he worked at Discovery Communications where he was senior executive vice president and CFO. STX’s backers include TPG Growth, Hony Capital and DNS Capital.

PRESS RELEASE

BURBANK, Calif., Feb. 13, 2017 /PRNewswire/ — Robert Simonds, Chairman and CEO of STX Entertainment, the global next-generation media company that specializes in the development, financing, marketing and distribution of motion pictures, television, VR, digital video, music and live entertainment content, today announced the appointment of Andrew Warren as Chief Financial Officer. Warren will be the principle executive in charge of all fiscal functions and strategy of the company, and will join the corporation on April 3 at its Burbank headquarters.

Warren comes to STX from Discovery Communications where he served as Senior Executive Vice President and Chief Financial Officer. In addition to serving on Discovery’s executive committee and contributing to the overall strategic direction of the $25B company, Warren oversaw the company’s OWN: Oprah Winfrey Network joint venture. Previously, he was CFO of Liz Clairborne, Inc. and held senior executive positions at General Electric, where among other responsibilities, he led all finance activities at the NBC Network, Studios, CNBC, MSNBC, USA, SciFi and Bravo. Named to the Treasury & Risk list of the “100 Most Influential People in Finance” in 2010, Warren holds a degree in Finance and Economics from James Madison University and began his career in the Financial Management Program at GE.

“With Andy, we add another level of excellence, integrity and gravitas to our world-class team,” said Simonds. “Andy’s reputation as a stellar leader, thinker and strategist is well documented and well deserved, and we look forward to benefitting from his experience and judgment as we invest in and expand our operations, make strategic acquisitions, grow our international footprint and shape the future of entertainment.”

Warren added, “I have been fortunate in my career to have worked with some of the best companies and business leaders in the world and this opportunity at STX is exactly what I wanted to pursue next. Bob and his exceptional team are revolutionizing global media and I look forward to joining them to make STX a high-growth, world-class company, and the envy of the industry.”

Warren succeeds Rich Sullivan, who last week was named COO of STXdigital.

ABOUT STX ENTERTAINMENT
STX Entertainment is a global next-generation media company whose mission is to unlock the value of the direct connection stars have with their fans through the development, financing, production, marketing and distribution of film, television, VR, digital video, music and live entertainment content. It is the industry leader in transforming beyond traditional platform-driven content to creating talent-driven enterprises.

The company is led by accomplished businessman Robert Simonds and was co-founded by Bill McGlashan, managing partner of the leading global private investment firm TPG. Other investors include Hony Capital, a leading private equity firm in China; PCCW, Southeast Asia’s largest Internet and cable services provider; Tencent Holdings, China’s leading provider of online products and services; Dominic Ng, Chairman of East West Bank; DNS Capital (representing the business interests of Gigi Pritzker and her immediate family); and Beau Wrigley, former Chairman and CEO of the Wm. Wrigley Jr. Company, among others. With these strategic relationships, the company is uniquely positioned to maximize the impact of content worldwide, with direct passage into the China market.

For more information, please visit https://www.stxentertainment.com/.