Altice USA said it has named Michael Grau chief financial officer, replacing Charles Stewart, who leaves the company to become CEO of auction house Sotheby’s.
Grau joined Altice USA in 2016 and most recently served as EVP of financial planning & control. Prior to that job, Grau had served in various financial roles at Cablevision Systems -- which Altice purchased in 2016 -- for 15 years. Earlier he had held senior financial positions at Winstar Communications, Health Professionals Inc, and Deloitte & Touche.
In his new role, Grau will be responsible for all financial and accounting matters as well as the strategic planning and analysis, internal audit, tax, investor relations and treasury activities. He will report to Altice USA CEO Dexter Goei.
“We are very fortunate to have someone of Michael’s caliber serve as CFO,” Goei said in a press release. “Michael has distinguished himself over the last 20-years as a well-respected financial executive in our industry, and I’m pleased to welcome him to our senior leadership team.”
Stewart, who has been with Altice USA since its inception, was named CEO of Sotheby’s on Monday. He will will continue as a member of the Altice USA board of directors and serve as a special advisor to the CEO on M&A and related strategic matters.
“I am delighted for Charlie as he takes on the role of CEO at Sotheby’s,” Goei continued in the press release. “Charlie has provided exemplary leadership at Altice USA, driving growth during an unprecedented time in our industry. I look forward to him continuing as a member of our Board of Directors and to his ongoing valuable insight.”