Viacom and CBS said Wednesday that they have named Anthony DiClemente executive vice president of investor relations of ViacomCBS, a role he will assume when the merger between the two media companies is completed, expected by the end of the year.
DiClemente is currently EVP of investor relations at CBS. In his new role he will report to Christina Spade, currently EVP and chief financial officer and CBS, who will become CFO of ViacomCBS after the merger.
Viacom and CBS agreed to combine in a deal that will value the company at about $30 billion earlier this month. After the deal is complete, Viacom CEO Bob Bakish will become CEO of the combined company, while CBS acting CEO Joseph Ianniello will become chairman and CEO of CBS.
As the EVP of Investor Relations, DiClemente will coordinate and oversee outreach strategies to the investment community. In addition, he will also be closely involved in refining the newly combined company’s corporate strategy and competitive positioning.
“I am thrilled that Anthony will step into this key leadership position at the newly unified company,” Spade said in a press release. “His deep knowledge of our business, his vast research experience, and the relationships he’s built with investors during his time as a Wall Street analyst covering the media industry will be invaluable to us and the future of our company.”
DiClemente joined CBS in June 2019 as EVP investor relations. Before joining CBS, he was senior managing director and fundamental research analyst at Evercore Group, where he worked since 2017. Prior to that, DiClemente led the equity research coverage of internet and media companies for Nomura Instinet, and before that, he worked for Barclays and Lehman Brothers for 13 years.