NEW YORK — Laurie Younger was promoted to senior VP and chief financial officer for ABC Inc., ABC Inc. president Robert Iger announced Monday, as expected (Daily Variety, Aug. 3).
Younger fills a position left vacant when ABC’s former CFO, Peter Murphy, was promoted to chief strategist for ABC parent Walt Disney Co.
Younger, however, will have more responsibilities than Murphy did when he was ABC’s CFO. In addition to being responsible for all financial matters within ABC, Younger will also oversee ABC’s human resources, purchasing and real estate and administration areas.
These additional area previously reported to Iger, who was said to want to free himself from these kinds of day-to-day decisions to focus on the big picture.
Younger, whose appointment is effective immediately, is the second woman to receive a major promotion at ABC within the last few days. Last Friday, Pat Fili-Krushel was promoted to ABC Television Network president.
Before her promotion, Younger already reported directly to Iger. An ABC insider said that by promoting Younger, Iger is consciously reducing the number of execs that report to him.
Another move Iger is expected to make is to promote Anne Sweeney, currently president of the Disney Channel and executive VP of Disney/ABC’s cable networks, to head all of Disney’s cable interests with the exception of ESPN.
Sweeney’s mentor, Geraldine Laybourne, held the position of president of Disney/ABC’s cable networks until departing earlier this year to form her own company.
Most recently, Younger had been senior VP, ABC Inc., since November 1996. In this position, she coordinated business activities among ABC’s various business units, assisted ABC divisions as they created intra-company ventures and developed opportunities with other business partners.
Younger, who has worked at Walt Disney for 13 years, was senior VP, business affairs and administration for Walt Disney Television and Telecommunications from 1994-96.
Prior to joining Disney, Younger spent eight years at 20th Century Fox, where she rose to director, business affairs.