Liberty Media said it has named Mark Carleton chief financial officer, effective Oct. 1, replacing long-time executive Christopher Shean, who will become a senior advisor to the company.
Carleton, who will report to Liberty CEO Greg Maffei, has been with Liberty Media since 2003, most recently as Chief Development Officer. Prior to joining Liberty, Carleton served as a partner in accounting firm KPMG, where he was responsible for the communications sector and served on KPMG’s board of directors.
Shean, who had served as Liberty’s CFO since 2011, has been named Senior Advisor, reporting to Maffei and overseeing certain of Liberty Media’s significant investments. Shean has been with Liberty Media since 2000.
In conjunction with Carleton’s appointment as CFO, Liberty said Albert Rosenthaler has been appointed Chief Corporate Development Officer, reporting to Maffei. In that position he will be responsible for identifying and pursuing investment and other opportunities and will assist in setting strategic direction to maximize shareholder value.
Rosenthaler also will also oversee Liberty Media’s senior tax officer who will have day-to-day responsibility for aspects of Liberty Media’s tax strategies and compliance.
Rosenthaler most recently served as Chief Tax Officer, and has served as top tax officer for Liberty Media and its predecessors since 2002. Prior to joining Liberty Media’s predecessors, he was a tax partner at Arthur Andersen serving clients in the cable television, telecommunications, oil and gas, public utilities and financial services businesses.
"We are pleased to announce these management changes, which will benefit the organization," Maffei said in a statement. "We congratulate Mark, Chris, and Albert and look forward to their continued service at Liberty Media in these new roles.”