Rob Wiesenthal has been appointed Executive Vice President and Chief Financial Officer, Sony Corporation of America (SCA) effective immediately, it was announced today by Howard Stringer, Chairman and CEO, Sony Corporation of America.
In this new role Mr. Wiesenthal will oversee all financial aspects of SCA including Finance, Treasury and Tax across Sony’s U.S. operating companies. This important new responsibility is in addition to his continuing role as Executive Vice President and Chief Strategy Officer, Sony Broadband Entertainment (SBE), the parent company for Sony’s entertainment assets.Further, Sony’s U.S.-based Investor Relations Department will now report jointly to Rob and to Nicole Seligman, Executive Vice President and General Counsel (SCA).
“Since joining Sony in July 2000, Rob has been instrumental in designing and implementing a wide range of new initiatives and corporate strategies for our various businesses,” said Mr. Stringer. “He has played an important role in many of our recent strategic transactions including our alliances with Yahoo and AOL Time Warner, as well as the announced sale of the Telemundo Network and its broadcast stations. Additionally, he is leading many of the corporate reformation initiatives underway at SCA including the 21st Century Studio Project, which has recently begun implementation at Sony Pictures Entertainment. I can think of no more qualified executive to play an active senior leadership role in this company.”
“Rob has been a leader in our restructuring efforts at Sony Pictures Entertainment,” said Nobuyuki Idei, Chairman and CEO, Sony Corporation about this new appointment. “His deep knowledge of the financial landscape, our business operations and the media industry is crucial as we move to maximize the value of our assets across all of our U.S. companies.”
“I’m one of Rob’s biggest fans,” commented John Calley, Chairman and CEO, Sony Pictures Entertainment. “In a remarkably short time he has managed to integrate himself into our corporate structure in a most effective and enlightened way. He has provided invaluable guidance as we work to improve SPE’s competitive stature in the industry.”
“Rob’s broad understanding of the new media landscape has proven to be an asset in our ongoing expansion in the digital arena,” commented Thomas D. Mottola, Chairman and CEO, Sony Music Entertainment. “I look forward to working with Rob in his new role as we face new challenges and opportunities.”
Prior to joining Sony in July 2000, Mr. Wiesenthal was Managing Director of Credit Suisse First Boston in both the Media and Technology investment banking groups, and had for five years served as an investment banking advisor to Sony Corporation of America on a wide range of strategic initiatives.
Mr. Wiesenthal began his career as a member of First Boston’s Mergers & Acquisitions group in 1986, later joining the firm’s Media Group in 1993. He was named Managing Director and head of the CSFB Technology Group’s Digital Media investment banking effort in 1999.
As one of CSFB’s lead media bankers, he advised on numerous financings and M&A transactions for a broad range of media clients including Sony Corporation of America, The Seagram Company, Time Warner, USA Networks, MacAndrews & Forbes, Cox Communications and The New York Times. During his tenure in the Media Group, notable transactions he advised on included Seagram’s $5.7 billion acquisition of MCA Inc., Liberty Media’s merger with TCI, News Corp’s $3.2 billion purchase of New World Communications and Sony Pictures Entertainment’s acquisition of Telemundo, the nation’s second largest Spanish television network. With CSFB’s Technology Group he was involved in a broad range of transactions including Polo Ralph Lauren’s E-Commerce joint venture with NBC Inc., USA Networks acquisition of Precision Response Corp., and public and private financings for a variety of emerging digital media companies.
Mr. Wiesenthal received his B.A. degree cum laude from University of Rochester in 1987.
Sony Corporation of America, based in New York City, is the U.S. subsidiary of Sony Corporation, headquartered in Tokyo. Sony is a leading manufacturer of audio, video, communications and information technology products for the consumer and professional markets. Its music, motion picture, television, computer entertainment, and online businesses make Sony one of the most comprehensive entertainment companies in the world. Sony’s principal U.S. businesses include Sony Electronics Inc., Sony Pictures Entertainment, Sony Music Entertainment Inc., and Sony Computer Entertainment America Inc. Sony recorded consolidated annual sales of over $58.5 billion for the fiscal year ended March 31, 2001, and it employs 181,800 people worldwide. Sony Corporation of America recorded over $17.4 billion in sales in the U.S. for the fiscal year ended March 31, 2001. Sony Corporation of America’s homepage is: //www.sony.com/SCA/index.html