Stuart J. Epstein fills a position left vacant after previous CFO Lynn Calpeter returned to GE in July to become CFO of new division GE Energy.
New York – September 7, 2011 – Stuart J. Epstein has been named Chief Financial Officer, NBCUniversal. He will report to Steve Burke, Chief Executive Officer, NBCUniversal when he joins the company in mid-October. Previously, Epstein served as Managing Director of Morgan Stanley and Global Head of the Firm’s Media & Communications Group. He also had responsibility for the Casino Gaming and Education businesses. While at Morgan Stanley, Epstein served as a longtime strategic advisor to the Comcast Corporation including playing a key role in the formation of the $37.5 billion joint venture with GE to create NBCUniversal. “I am very pleased that Stuart will be joining us as Chief Financial Officer for NBCUniversal,” said Burke. “He is a smart, capable leader with a deep understanding of the media business. Having known Stuart for years, I am also certain that he will be a great cultural fit for NBCU.”
Epstein joined Morgan Stanley in 1984 as a Financial Analyst in the Mergers & Acquisitions Department in New York. After earning his MBA, he returned to the Firm and served in a variety of positions in both New York and London in the Real Estate, Corporate Finance and M&A Departments. In 1993, while in London, Epstein assumed formal coverage responsibility for Morgan Stanley’s Media clients in the United Kingdom and throughout Europe. Early in 1996, he returned to New York with a principal focus on executing M&A transactions for Media companies. In 2005, he became Head of the North American Media practice, in 2006 was named Co-Head of the Global Media & Communications Group, and became Global Head of the group in March of 2008.