AMC Networks CEO Christina Spade Abruptly Exits

Christina Spade, who turned chief government of AMC Networks lower than three months in the past, has abruptly stepped down from the job.

“We thank Christina for her contributions to the corporate in her CEO position and her earlier CFO position, and we want her properly in her future endeavors,” stated James Dolan, the corporate’s chairman, in a ready assertion. The corporate stated its board of administrators was “at the moment finalizing who it’s going to title as a substitute, with an announcement to observe.”

In a submitting with the U.S. Securities and Change Fee, AMC stated that Spade was terminated “with out ’trigger’ or resignation for ‘good motive’ foundation,” and that she would obtain “severance advantages payable in accordance with the phrases of her employment settlement.”

An AMC Networks spokesperson stated the corporate had no further remark.

AMC Networks had been beneath interim management for a couple of yr, with Showtime veteran Matt Clean filling duties lengthy dealt with by Josh Sapan. Sapan final August ceded his CEO obligations after 1 / 4 century working for the corporate.

Spade joined AMC Networks in January 2021 as government vp and CFO, and was given the added duties of chief working officer in November of final yr. She has supervised key companies, monetary operations, investor relations and world expertise. Earlier than taking the CFO position at ViacomCBS, she had comparable duties on the former CBS Corp,, and, previous to that, at its Showtime pay-cable unit, capping off a 21-year run there. Earlier than becoming a member of Showtime Networks, Spade was an audit supervisor with PricewaterhouseCoopers in its leisure, media and communications observe.

Extra to come back….