After a lengthy search, Discovery Communications has found a new Chief Financial Officer, naming Gunnar Wiedenfels to the position. Wiedenfels, who comes from ProSiebenSat.1 Media SE, where he is currently Chief Financial Officer, is expected to start around April 1, 2017 and will be based in New York. Wiedenfels will succeed Andrew Warren, who in February announced his plans to depart at the end of this year, triggering a search for his replacement. Warren has agreed to extend his contract term to ensure a smooth transition of CFO responsibilities.
“As Discovery continues our rapid growth and diversification in new content and digital platforms around the world, Gunnar is the ideal choice to lead our global finance strategy and organization,” said David Zaslav, President and CEO of Discovery Communications, to whom Wiedenfels will report. “Gunnar’s international expertise aligns perfectly with our future growth profile, and he brings to Discovery an exceptional reputation in the capital markets, strong industry expertise and a strategic focus to help unlock the value of our investments”
Wiedenfels has spent seven years in management roles at ProSiebenSat.1 Media SE in Munich, Germany. Prior to his CFO role, he served as Deputy CFO from 2014 to 2015 and served as Chief Group Controller from 2013 to 2015. Before this, he worked as a management consultant and engagement manager at McKinsey & Company.