On the heels of the agency’s multi-billion dollar acquisition of IMG last week, WME is now bringing on a hefty new CFO. Reporting to co-CEOs Ari Emanuel and Patrick Whitesell former Microsoft CFO Peter Klein is joining the megagency immediately. In his new role, Klein will oversee the financials of both WME and the sports management and talent company once the purchase is formally closed. Big job. Read the release below:
BEVERLY HILLS, CA – December 23, 2013– William Morris Endeavor Entertainment (WME), one of the world’s leading talent, entertainment and media companies, today announced the appointment of Peter Klein as Chief Financial Officer, effective immediately. In this role, Mr. Klein will oversee the global finance operation across WME, and IMG Worldwide (IMG) upon transaction close, and will report to the co-CEOs of WME, Patrick Whitesell and Ariel Emanuel.
“Peter’s impressive track record and international experience will be a tremendous asset as we begin a new and exciting chapter in our company’s history,” said Patrick Whitesell and Ariel Emanuel, co-CEOs of WME. “Peter’s proven ability to structure and manage teams on a global scale, and bring rigor and organizational effectiveness to businesses large and small, will help to strengthen both WME and IMG. We are pleased to welcome him to our senior team.”
Mr. Klein spent 11 years at Microsoft Corporation, where he most recently served as the company’s CFO from November 2009 to June 2013. Prior to becoming CFO at the corporate level, he was CFO of the Server and Tools Division and CFO of the Microsoft Business Division. Before joining Microsoft, Mr. Klein spent 13 years in corporate finance at high-growth companies including McCaw Cellular Communications, Orca Bay Capital and Homegrocer.com. Mr. Klein has a B.A. from Yale University and an M.B.A. from the University of Washington.
On December 18, 2013, WME and its strategic partner Silver Lake, a global leader in technology investing, announced an agreement to acquire IMG, a leading international sports, fashion and media business. IMG and WME together will operate across the entire sports and entertainment ecosystem, including talent representation, college and professional sports, live events, film and television, fashion and media.
“I am thrilled to be joining Ari, Patrick and the teams at WME and IMG at such an important time,” said Mr. Klein. “The combination of WME and IMG creates a unique global platform in sports and entertainment, with tremendous growth potential. With Silver Lake as our strategic partner, I look forward to applying my experience and helping to ensure the business is well-positioned to capitalize on growth opportunities.”
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