Discovery President and CEO David Zaslav has extended his employment contract through the end of 2023.
Zaslav joined Discovery as president and chief executive in 2007. With this new contract, his term of employment is through December 31, 2023, continuing to make Zaslav a significant, long-term shareholder in Discovery.
Zaslav said: “I am thrilled. Leading Discovery is my dream job. I would like to thank Discovery’s board of directors, fantastic management team, business partners, and all of our passionate superfans around the world for helping to make Discovery the unparalleled company it is today. Together, we are building something special. The new Discovery has the leading IP portfolio of beloved brands in the world, reaching viewers globally on every screen and service. Being at Discovery for the past 11 years has been the privilege of my career. I am confident our brand strength, global platform and marketplace differentiation will ensure that Discovery continues to grow and deliver value to our viewers, partners and shareholders for many years to come.”
Robert Miron, chairman of Discovery’s board of directors, said: “A dynamic, creative, and passionate leader, David is a builder and an innovator, laser-focused on creating value. This multiyear commitment affirms our confidence in David’s leadership, and on behalf of the entire board of directors, we are excited for David and his strong management team to drive further success and growth in this next chapter of the new Discovery.”
John Malone, Discovery’s director and chairman of Liberty Media Corporation and Liberty Global, said: “David has done an extraordinary job over the past 11 years. His vision and hard work have brought Discovery to new heights, increasing its global scale and market share and creating a unique portfolio of beloved brands. His commitment to creating a dynamic, forward-leaning company, fueled by an exceptional team, is unparalleled. I look forward to working with David to continue to serve audiences around the world with quality, real-life entertainment for many years to come.”