Warner Bros. CFO Ed Romano Promoted to Vice Chairman
He’ll work on plans for international expansion, digital transitions and allocating resources to the fastest growing divisions
Ed Romano, who has been with Warner Bros. for 46 years, was promoted Thursday to a newly created post as the studio’s vice chairman
Warner Bros. chairman/CEO Kevin Tsujihara made the announcement, saying that Romano, who has served as executive vp and chief financial officer since 1994, will work with him to implement the long term growth plans laid out in October.
That includes expanding internationally, the digital transition and reallocating resources from the more mature business segments to content creating divisions seen as offering more business opportunities.
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“Ed is truly a Warner Bros. institution,” said Tsujihara, “and I am so fortunate to be able to draw upon his experience and expertise on a daily basis. He has an incredible perspective on our business and the industry as a whole, and his partnership will be invaluable as we move the company toward our goals.”
Some of the deals that Romano was involved include the 1989 acquisition of Lorimar Television, the formation of the WB Television Network (and subsequently The CW), the acquisition of gaming company TT Games and the acquisition of several international TV production companies including Shed Media.
Two former Warner chairman who worked with Romano also added their endorsements.
“Having worked with both of them,” said Barry Meyer, who was chairman and CEO from 1999 until 2013, “I know that working together as a team, they’ll be able to deliver on the studio’s ambitious and strategic growth plans.”
“Ed was a great partner to Terry [Semel] and me,” said Bob Daly, chairman form 1980 through 1999. “He is solid, stable and precise, and he’ll continue to be an amazing asset to the company that he’s loved for more than 40 years.”
During his years with Warner Bros., Romano also has served as assistant treasurer, controller, vp and senior vp and controller.
Romano joined Warner Bros. in 1968 after working for the accounting firm Peat, Marwick, Mitchell & Company.