Time Warner announces IR management shake-up
Time Warner’s senior vice president of IR, Doug Shapiro, is set to become senior vice president of international and corporate strategy at the firm in a series of personnel moves announced this week.
Shapiro, who has served as head of the corporation’s IR department since 2008 after joining a year earlier, will now report to Olaf Olafsson, current executive vice president of international and corporate strategy at Time Warner, and succeeds Michael Del Nin, who is leaving to join Central European Media Enterprises (CME).
Michael Kopelman replaces Shapiro as head of Time Warner’s IR department, having been part of the team since 2009. Prior to that, Kopelman was a research analyst at Merrill Lynch and formed part of a top-ranking US media team focused on the entertainment sector. He also won recognition as an All-Star Analyst for his work on Latin American media. Kopelman also worked as a research analyst at Robertson Stephens and an analyst at Accenture.
The new IR boss will report to Time Warner’s chief financial and administrative officer, John Martin, who currently functions as the company’s first point of contact with investors.
Martin says he is ‘very pleased’ about Kopelman’s appointment, adding that Kopelman ‘has 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 he will be a valued senior member of the finance team as well as an effective steward of our IR efforts.’
Shapiro joined Time Warner’s IR department in 2007 from Banc of America Securities, where he held the position of senior analyst from 1999 to 2007 and headed the company’s media and telecommunications research team. Institutional Investor ranked him as one of the country’s top cable and satellite analysts during his time at the investment bank. Prior to that, he served as a senior analyst for Deutsche Banc Securities.
‘Doug has done an outstanding job leading Time Warner’s IR efforts, and has already played a significant role in many of our company’s strategic initiatives,’ says Olafsson. ‘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.
‘On behalf of everyone at Time Warner, [I] want to acknowledge the many valuable contributions Michael Del Nin made as a colleague over the past 13 years and wish him well as he embarks on this well-deserved opportunity at CME.’