Showtime Names New CFO in Post-Moonves Restructuring

The game of musical chairs continues at CBS Corp.

A day after Showtime’s David Nevins and Christina Spade were upped to top jobs at the parent company, the network is elevating Adam Townsend to Spade’s former position as executive vp and CFO. In the new role, he will be responsible for all financial matters relating to Showtime’s businesses, including oversight of finance, strategy and information systems for the network’s divisions. Spade, for her part, will now serve as CFO of CBS Corp.

The moves come amid a broader restructuring under acting CEO Joe Ianniello, who was upped following then-CEO Leslie Moonves’ ouster in September. In recent weeks, Ianniello has moved swiftly and definitively in his attempt to stabilize the company — and set an executive roster that positions him for the top job on a permanent basis.

Of Townsend, Nevins noted Friday in a statement announcing the news: “As the media landscape continues to evolve, we are very fortunate to have a strategic and results-driven executive like Adam join our senior management team. With his extensive financial experience and deep knowledge and understanding of our industry — not to mention his impressive leadership and collaborative nature that I have come to know over the years — I am confident he will excel as our CFO and be an incredible asset to the future of our company.”

Townsend has been with the company since 2008, when he joined as exec vp investor relations at CBS. Prior to that, he was a managing director of IR and corporate strategy for E*Trade.

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