Bruce Campbell Extends Discovery Deal

Chief Development Officer Signs Four-Year Employment Pact
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Discovery Communications said Thursday that chief development officer and general counsel Bruce Campbell has signed a new four-year employment deal with the programmer, adding responsibilities for digital operations to his growing resume.

According to a filing Thursday with the Securities and Exchange Commission, Campbell’s new deal expires Aug. 1, 2018 and includes the new title of Digital Media Officer.

According to the filing, Campbell’s will have primary responsibility for corporate development, digital media, legal, business affairs and production management.

Campbell will continue as chief development officer and general counsel for Discovery, responsible for global corporate development, including strategic planning and all M&A activity; all legal affairs, serving as the chief legal advisor to the company's management and board of directors; and global production management and business affairs.

According to the filing, Campbell will receive an annual base salary of $1.5 million, and is eligible for an annual incentive compensation plan target of up to 130% of his base salary. He also is eligible to receive annual equity awards and within 60 days of the execution of the employment agreement, will be recommended to be granted an award of performance-based restricted shares with a target value of $2 million, subject to approval of the compensation committee of Discovery’s board of directors. The restricted stock awards would vest on July 31, 2017 and July 31, 2018, according to the document.

Campbell joined Discovery in 2007 after serving as executive vice president of business development at NBC Universal. Since joining Discovery he has led the origination and execution of some of its top deals, including the $1.7 billion acquisition of SBS Nordic, as well as jont ventures with Oprah Winfrey and Hasbro.

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