Comcast’s Future SpinCo Sets Leadership

The leadership team has been put in place for SpinCo, Comcast’s planned spin-off of select cable networks, with Val Boreland to serve as president of entertainment.

SpinCo will be comprised of USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel, along with complementary digital assets Fandango, Rotten Tomatoes, GolfNow and SportsEngine.

The team will be led by Mark Lazarus as CEO and Anand Kini as CFO and COO.

Alongside Boreland, Keith Cocozza will serve as chief communications officer, Brian Dorfler as chief human resources officer, Jeff Mayzurk as president of operations and technology, Kristin Newkirk as CFO for TV networks, David Pietrycha as chief revenue and business officer and Greg Wright as chief accounting officer and controller.

There will be additional executive announcements in the coming weeks as the company continues to build out the management team.

The future leadership team will focus on their new roles beginning in early April, allowing time to work toward the completion of the planned spin-off, expected during 2025, following the satisfaction of customary conditions.

“As we embark on this journey to build a one-of-a-kind company, I am thrilled to be joined by such a talented group of leaders with the experience and expertise needed to make SpinCo a leading multimedia company from day one,” said Lazarus. “Together, we will capitalize upon our iconic media assets, chart a course for growth and continue to attract additional talent as we build momentum toward the completion of the spin-off.”

Kini added, “This team was handpicked because of their expertise within each of their function areas. I am confident that with and under the leadership of Mark, we will design and build a modern media company with the scale to compete and the right strategy to unlock organic and external growth opportunities.”

Prior to becoming CEO of SpinCo, Lazarus was chairman of NBCUniversal Media Group, where he oversaw the company’s TV and streaming platforms, distribution and monetization.

Before taking on the role of CFO and COO at SpinCo, Kini was the executive VP of corporate strategy of Comcast Corporation and CFO of NBCUniversal.

Boreland is currently the executive VP, head of content acquisitions, TV and streaming for NBCUniversal, where she oversees the buying and curation of content for NBC, the entertainment cable networks and Peacock.