Central European Media (CETV) Announces Macmillan to Step Down as CFO
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Central European Media Enterprises Ltd. (Nasdaq: CETV) announced that, effective July 1, 2009, Wallace Macmillan is stepping down as CFO of the company. Charles Frank, Jr. has been named interim CFO. Mr. Frank has served as an independent Director of CME since 2001 and has extensive experience of the finance function through his service on the Audit and Treasury Committees.
Until a permanent successor is found the strong team that Mr. Macmillan built will be led by Charles Frank. In addition to his extensive knowledge of CME through his board tenure Mr. Frank contributes a strong financial background, which includes senior roles at Salomon Brothers, GE Capital and the European Bank for Reconstruction and Development.
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