Time Warner Inc., said it has promoted vice president of investor relations Doug Shapiro to senior vice president, international and corporate strategy, succeeding Michael Din, who resigned to become co-CEO of Central European Media Enterprises, the entertainment giant’s international broadcasting unit.
Shapiro spent eight years as a cable and satellite analyst for Banc of America Securities before joining Time Warner in 2007. While at BofA, Shapiro was consistently ranked among the top analysts covering the sector by Institutional Investor magazine. In his new role, he will report to executive vice president, international and corporate strategy, Olaf Olafsson.
Michael Kopelman, currently Time Warner’s vice president, investor relations, will succeed Shapiro as senior vice preside of IR.
Doug has done an outstanding job leading Time Warner’s investor relations efforts, and has already played a significant role in many of our company’s strategic initiatives,” Olafsson said on a statement. “He brings to his new position a deep understanding of the business, financial and technological issues and opportunities for both our company and our industry. I know he’ll make important contributions to Time Warner in his new position.”
Kopelman, who joined Time Warner in 2009, will report to Time Warner chief financial officer John Martin and serve as the company’s principal day-to-day contact with the investment community. In July, Time Warner announced that Martin would become Turner Broadcasting CEO in January. The company said former Time Inc. finance chief Howard Averill would step in at that time as Time Warner CFO.
“I’m very pleased that Mike will succeed Doug as head of our Investor Relations group,” Martin said in a statement. “He has already been instrumental in how we have communicated our business strategy and outlook with investors. He is highly respected on Wall Street, knows our company through and through, and I’m confident will be a valued senior member of the finance team as well as an effective steward of our IR efforts.”
