Sinclair Ups David Amy To EVP/COO, Names Chris Ripley CFO
February 27, 2014 at 4:56 AM (PT)
SINCLAIR BROADCAST GROUP, INC. has upped EVP/CFO DAVID B. AMY to EVP/COO and has named investment banking firm CANOR LLC Founder and Managing Partner CHRISTOPHER RIPLEY as CFO, effective APRIL 2nd.
Pres./CEO DAVID SMITH said, "In response to the growth of the Company and looking ahead to all that we intend to accomplish, the Board of Directors recognized the need to split DAVID AMY's responsibilities into the two distinct positions he was serving. We are excited to create this new position which will report directly to me and the Board. DAVID has been an instrumental decision maker for us for many years, most recently leading us through the consolidation, and planning our path for future growth. Given his knowledge of our Company and the industry, we have the utmost confidence in his abilities to oversee our operations, a job he has been indirectly performing for years."
"We are pleased to announce the addition of CHRIS RIPLEY as Chief Financial Officer to our team," SMITH added. "As a former Managing Director at UBS INVESTMENT BANK's Global Media Group, CHRIS brings additional experience in formulating financial and strategic alternatives and transactions, as well as industry knowledge having covered many media companies outside of broadcasting. We believe this knowledge and skill set will be of the utmost value to us as we look to evolve our content and distribution platforms and ready for spectrum opportunities. CHRIS will report directly to me, DAVID AMY and the Board."
RIPLEY said, "After over a decade covering SINCLAIR and the TV broadcasting industry as an investment banker, I am excited to join SINCLAIR at this stage in the industry's development and see a bright future for the Company's expansion opportunities. I am honored to be joining one of the best and most forward-thinking executive and finance teams in the media business."