Finance

Liberty Global co-CFO Dvorak to Retire

Bracken named sole CFO in finance, accounting group changes 8/25/2016 9:25 AM Eastern

Liberty Global said it is making changes in its finance and accounting group in the wake of the planned retirement of EVP and co-chief financial officer Bernie Dvorak at the end of the year.

 

Dvorak is a three-decade veteran of the cable industry – most of it with Liberty Global – and is responsible for accounting, compliance and investor relations functions at the global cable company.

 

"Bernie and I have worked together for over 26 years, beginning with the formation of this business in 1989,” Liberty Global CEO Mike Fries said in a statement. “He has contributed immensely to the success of Liberty Global, especially during the last 10 years building a world-class accounting and reporting organization and seamlessly managing the financial integration of more than 215 acquisitions. I am extremely grateful for his service and friendship and wish him well in his well-earned retirement.”

 

Effective Jan. 1, Charlie Bracken, currently EVP and Co-Chief Financial Officer responsible for finance and treasury operations will assume the sole position of Chief Financial Officer for Liberty Global. Bracken joined Liberty’s predecessor operations in Europe as CFO in 1999 from Goldman Sachs, and was appointed Co-CFO of Liberty Global at its formation in 2004.

 

In addition, Liberty Global said it will strengthen its existing finance team beginning on Oct. 1, with the appointment of Jason Waldron as Senior Vice President and Chief Accounting Officer. Waldron will report to Bracken and has served 22 years in public accounting, most recently as a partner for KPMG LLP in its telecommunications practice in Denver. He served as KPMG’s lead audit partner for Liberty Global from 2010 to 2014.

 

“I am delighted that Charlie Bracken has agreed to take on this enhanced role,” Fries added. “He has been instrumental in developing and executing our broader finance and treasury functions and has been a trusted member of my executive management team for over 17 years. I am also very pleased that Jason has agreed to join the newly-integrated team. Jason is a top caliber executive, well-known to Liberty and with a deep understanding of our people, business and operating procedures.”

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