Warner Music Group has appointed Bryan Castellani as Govt Vice President and Chief Monetary Officer, efficient October 16.
Described as a “seasoned media and monetary government”, Castellani has spent greater than twenty years at The Walt Disney Firm, most lately serving as CFO for Disney Leisure & ESPN.
Primarily based in New York, Castellani will report back to WMG’s CEO, Robert Kyncl.
He succeeds WMG’s long-time CFO Eric Levin, who WMG says is staying on to “guarantee a easy transition”, earlier than retiring in January. Levin confirmed in March that he was planning to retire from the corporate.
Previous to being named CFO for Disney Leisure & ESPN, Castellani was EVP of Finance for Disney Media and Leisure Distribution (DMED) the place he led finance for the phase in addition to for its platform distribution, promoting gross sales, and networks companies.
Earlier than that, he served as EVP & CFO of ESPN, the place, in line with the announcement, “he oversaw the community’s monetary planning, technique, and actual property capabilities, and performed a key position in programming, affiliate, and new enterprise initiatives”.
Beforehand, Castellani was SVP of Company Monetary Planning & Evaluation for The Walt Disney Firm, the place he labored carefully with the phase CFO groups, company technique, and investor relations in managing company-wide working and planning capabilities.
Throughout his tenure at The Walt Disney Firm, Castellani held quite a few different monetary and operational management roles, together with SVP of Operations, Enterprise Planning & Technique for ABC Information; VP & CFO of The Walt Disney Firm Japan; and Head of Finance & Planning for Disney Shopper Merchandise Japan.
As well as, he beforehand led finance and planning at ABC Information, the ABC Web Group, and The Disney Retailer Japan, the place he additionally ran its advertising and marketing and promotions staff. Castellani began with Disney in 1995 as a monetary analyst for The Disney Retailer.
Previous to becoming a member of The Walt Disney Firm, Castellani labored in worldwide finance on the Federal Reserve Board in Washington, D.C.
“Bryan has wide-ranging expertise serving to one of many world’s most impactful artistic enterprises construct long-term worth and unlock new world prospects.”
Robert Kyncl mentioned: “Bryan has wide-ranging expertise serving to one of many world’s most impactful artistic enterprises construct long-term worth and unlock new world prospects.
“A dynamic, operational CFO, he’ll be a wonderful addition to our government management staff, as we develop the WMG of the long run for the advantage of our artists, songwriters, traders, workers, and companions.”
Kyncl added: “I’d additionally like to specific our gratitude to Eric for his close to decade of service at WMG. He’ll depart with our deepest respect for his many contributions throughout a unprecedented interval of development that included WMG’s world growth, quite a few main acquisitions, and a profitable IPO. We want him all the most effective.”
“I’m delighted to be becoming a member of WMG at such an thrilling and pivotal time for the corporate and the music trade. Music is a robust world power, unconstrained by any particular mannequin or format, and has important enterprise upside.”
Castellani mentioned: “I’m delighted to be becoming a member of WMG at such an thrilling and pivotal time for the corporate and the music trade. Music is a robust world power, unconstrained by any particular mannequin or format, and has important enterprise upside.
“Robert’s imaginative and prescient for differentiating WMG is inspiring, and I’m trying ahead to working with the management and finance groups to take the corporate to the subsequent degree in a quickly evolving panorama.”Music Enterprise Worldwide