Liberty Media CFO Mark Carleton to Retire

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While Carleton stays on with Liberty Media as a senior advisor, Brian Wendling becomes the principal financial officer at John Malone's media empire.

John Malone's Liberty Media, which controls audio entertainment giant SiriusXM Satellite Radio, the Atlanta Braves baseball team and the Formula One racing circuit, said Monday that Mark Carleton has retired as CFO, while remaining with the company as a senior advisor.

Carleton, who has held the CFO post since 2016, will now advise the company controlled by billionaire investor Malone. Brian Wendling, who has been at Liberty since 1999 and has been serving as controller since 2011, has taken on the added title of Liberty's principal financial officer, while also serving as CFO of Liberty TripAdvisor.

Greg Maffei, Liberty Media president and CEO, also announced that Rich Baer, general counsel and chief legal officer, would take on the added title of chief administrative officer. And Courtnee Chun, who runs Liberty’s investor relations group, also becomes chief portfolio officer.

"Mark’s relationship with Liberty and TCI goes back to 1987 and his efforts as chief financial officer and leading the corporate development team have provided great value to the company," said Maffei. "I’m pleased that he will continue as a senior advisor."

Liberty Media also owns stakes in such companies as Viacom, Live Nation Entertainment and telecom giant AT&T.