(December 10, 2014 – Burbank, CA) – Warner Bros. has promoted its Chief Financial Officer, Ed Romano, to the newly created post of Vice Chairman of the company, it was announced today by Kevin Tsujihara, Chairman and CEO, Warner Bros.
Romano, who has been with the company since 1968 and served as Executive Vice President and CFO since 1994, will work closely with Tsujihara to implement the recently outlined growth strategies for the Studio, including international expansion, digital transition and resource reallocation from mature businesses to high opportunity, content-creating divisions.
“Ed is truly a Warner Bros. institution, and I am so fortunate to be able to draw upon his experience and expertise on a daily basis,” said Tsujihara. “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.”
“I couldn’t be more pleased for Ed and Kevin,” said Barry Meyer, former Chairman and CEO, Warner Bros. (1999-2013). “Having worked with both of them, I know that working together as a team, they’ll be able to deliver on the Studio’s ambitious and strategic growth plans. This is a most-deserved recognition for Ed and the many contributions he’s made to Warner Bros. throughout his career.”
“Ed was a great partner to Terry [Semel] and me,” said Bob Daly, former Chairman and CEO of Warner Bros. (1980-1999). “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 Romano’s 46-year tenure, the Studio has grown from revenues of $200 million in 1968 to $12.7 billion in 2013. Under his leadership as CFO, Warner Bros. has enjoyed consistent record-breaking years. Some of the many deals in which Romano has been involved include the 1989 acquisition of Lorimar Television, the formation of the WB Television Network (and subsequently The CW), the acquisition of several international TV production companies, including Shed Media and Eyeworks, and the acquisition of multiple interactive game production companies, including TT Games.
Romano has served as Executive Vice President and Chief Financial Officer since 1994. During his time with the company, he has also served as Assistant Treasurer, Controller, Vice President and Controller, and Senior Vice President and Controller. Romano joined Warner Bros. in 1968, after serving five years at the public accountancy firm of Peat, Marwick, Mitchell & Co.