Liberty Global unveils finance management changes

Charlie Bracken

Liberty Global’s co-chief financial officer Bernie Dvorak is to retire, with the group, with Charlie Bracken taking over as sole CFO.

Dvorak who currently serves as EVP and co-chief financial officer responsible for accounting, compliance and investor relations, will retire at the end of this year, after 30 years in the cable industry, mostly at Liberty Global.

Effective from January 1, Bracken, currently EVP and Co-Chief Financial Officer responsible for finance and treasury operations will become the group’s sole CFO. Bracken joined Liberty’s predecessor operations in Europe as CFO in 1999 from Goldman Sachs, and was appointed Co-CFO of Liberty Global at its formation in 2004.

Liberty Global has also named Jason Waldron as senior vice-president and chief accounting officer, reporting to Bracken. Waldron is currently a partner for KPMG in its telecom practice in Denver, Colorado and served as KPMG’s lead audit partner for Liberty Global from 2010 to 2014

“Bernie and I have worked together for over 26 years, beginning with the formation of this business in 1989. He has contributed immensely to the success of Liberty Global, especially during the last 10 years building a world-class accounting and reporting organization and seamlessly managing the financial integration of more than 215 acquisitions. I am extremely grateful for his service and friendship and wish him well in his well-earned retirement,” said Liberty Global president and CEO Mike Fries.

“I am delighted that Charlie Bracken has agreed to take on this enhanced role. He has been instrumental in developing and executing our broader finance and treasury functions and has been a trusted member of my executive management team for over 17 years. I am also very pleased that Jason has agreed to join the newly-integrated team. Jason is a top calibre executive, well-known to Liberty and with a deep understanding of our people, business and operating procedures.”