WarnerMedia Names Jennifer Biry as CFO

HBO Max WarnerMedia Investor Day Presentation
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She succeeds Pascal Desroches at the Hollywood conglomerate as it focuses more on its HBO Max streaming service.

Jennifer Biry has been named as the new chief financial officer for WarnerMedia.

Biry replaces Pascal Desroches, who will be moving into the role of CFO at AT&T. That follows AT&T CFO John Stephens announcing his retirement in March 2021 after 28 years with the telecom and media giant.

Desroches will succeed Stephens, effective April 1, 2021, and until then will serve as AT&T’s senior executive vp of finance. Biry joined AT&T in 1999 and most recently served as the CFO of AT&T Communications’ mobility and entertainment divisions.

She will report directly to WarnerMedia CEO Jason Kilar as the Hollywood conglomerate focuses more on streaming via its HBO Max platform.

“While Jennifer’s extensive experience in successfully managing the financial functions of large, complex businesses is certainly valuable, what is even more relevant in my opinion is her high judgment and razor-sharp insight into WarnerMedia’s biggest challenges and opportunities,” Kilar said in a statement.

Stephens retiring from AT&T follows Randall Stephenson, the telco's longtime chairman and CEO, retiring earlier this year after 38 years with the company. That move allowed John Stankey to move from the leadership of WarnerMedia to take the top AT&T post.

Internationally, WarnerMedia also unveiled a series of promotions at its management ranks in Europe and the Middle East and Africa.

Jesper Steenberg, who currently oversees the HBO distribution in Europe, will now lead business development, digital distribution and trade marketing for WarnerMedia’s services in EMEA, while Matthias Heinze, currently overseeing commercial operations for Turner in Germany and Central Europe, becomes responsible for the affiliates and ad sales businesses in Central and Eastern Europe.

And Guillaume Coffin will also manage affiliates and ad sales beyond France and Africa to include the Benelux, Greece, the Middle East and Turkey.