Breaking News
FONT-SIZE Plus   Neg
Share SHARE

DISH Network Appoints Steve Swain To Succeed Robert Olson As CFO - Update

RELATED NEWS
Trade DISH now with 

Satellite television provider DISH Network Corp. (DISH: Quote) Friday said it has appointed Steve Swain, senior vice president of Programming, as Chief Financial Officer. Swain succeeds Robert Olson, DISH's executive vice president and CFO, who is retiring from the company on October 15.

In his new role, Swain will report to President and CEO Joseph Clayton.

Before his stint as senior VP of Programming, Swain was vice president of Corporate Financial Planning and Analysis. Prior to DISH, Swain worked in the telecommunications sector for more than 15 years, most recently at CenturyLink Inc. (CTL), formerly Qwest Communications.

Clayton said, "Steve has been a star since the day he arrived. He has a command of the entire Finance organization and, having had the chance to lead our Programming group, he is equipped to offer a sound strategic perspective to our entire business."

Commenting on Olson, who was with the firm over the past five years, Clayton noted that Robert is as capable and strategic a CFO as he has ever encountered in his 42 years in business.

Under Olson, DISH recently reported a profit in its second quarter, compared to last year's loss, on the absence of prior year's significant impairment expenses, and higher revenues. The company activated approximately 656,000 gross new pay-TV subscribers in the quarter, an increase of 5.1 percent from last year, driven primarily by increased advertising.

On Nasdaq, DISH shares settled at $65.35 on Thursday, up $1.04 or 1.62 percent.

Register
To receive FREE breaking news email alerts for Dish Network Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The Chinese economy logged its weakest expansion since early 2009 in the third quarter as slowdown in investment, particularly in the property sector, continued to drag the recovery. Gross domestic product grew 7.3 percent in the third quarter from a year ago, slower than the 7.5 percent expansion seen a quarter ago, the National Bureau of Statistics reported Tuesday. Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season. Stocks moved notably higher over the course of the trading day on Monday, extending the strong upward move seen last Friday. The gains on the day continued the recent recovery by the markets, with the Nasdaq and the S&P 500 closing higher for the third consecutive session.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.