Liberty Media names Derek Chang as new CEO

Liberty Media has appointed Derek Chang as its President and Chief Executive Officer, effective February 1, 2025, the company said on Wednesday.

Chang, who has been serving on Liberty Media's board since March 2021, has experience working with various companies in the global media, sports, and entertainment industries.

His background includes leadership roles at EverPass Media, the NBA, DIRECTV, Scripps, Charter, and TCI, equipping him with a comprehensive understanding of Liberty's operations and corporate history.

Liberty Media's Chairman, John Malone, said he was confident in Chang's leadership abilities, citing his extensive expertise and familiarity with the company. Malone, who has worked with Chang for over 25 years, will act as interim CEO until Chang assumes his role.

Chang's appointment is part of Liberty's strategy to optimize its portfolio structure, which includes the recent split-off of Liberty Live and supporting the growth of its operating assets.

Chang will join the Executive Committee of the Liberty Media Board alongside John Malone, Vice Chairman Dob Bennett, and Chase Carey.

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Source: Investing.com