Cablevision Systems named executive vice president Gregg Seibert chief financial officer, replacing former CFO Michael Huseby, who resigned.
As CFO, Seibert will oversee Cablevision's finance and accounting matters as well as its taxation and risk management functions. Seibert, who joined Cablevision about two years ago as executive vice president, has helped drive the company's overall corporate strategy, while overseeing its treasury, investor relations and business development activities. He will retain his executive vice president title and duties and will report to Cablevision President and CEO James Dolan.
"Since joining Cablevision more than two years ago, Gregg Seibert has provided valuable counsel on numerous company initiatives while overseeing a number of transactions that have significantly improved the company's financial profile. We are fortunate to have an executive with Gregg's expertise and are confident that he is the right person to lead Cablevision's excellent financial team going forward."
Seibert played a key role in Cablevision's recent $1.4 billion acquisition of Bresnan Communications, widely considered to be one of the better M&A deals struck by an MSO in recent years.
Prior to joining Cablevision, Seibert spent two decades at Merrill Lynch in various financing and strategic transactions for a number of companies, serving most recently as senior vice president and vice chairman.
Huseby, who joined Cablevision in 2004, has agreed to remain with Cablevision through July 1 to ensure an orderly transition.
"During the last seven years, Michael Huseby has been instrumental in the success and growth of Cablevision," Dolan said in a statement. "He has helped guide the company through a challenging economic period, while working with the executive management team on Cablevision's successful spin-off of The Madison Square Garden Company and countless other financial matters. We appreciate Michael's many contributions and thank him for his distinguished tenure as chief financial officer."