Disney-ABC Television Group president Anne Sweeney is consolidating financial oversight of the unit under Peter Seymour, the company announced Thursday.
The 16-year Disney veteran was named executive VP and CFO, a job in which he will retain his current leadership position atop the research and scheduling areas.
DATG currently has two separate CFOs in the unit, ABC’s Jim Hedges and Jewell Engstrom, who manages the cable side. Their future with the company is still to be determined, according to sources, though one or both of them could hang on in a new hierarchy yet to be mapped out.
It’s an unexpected move from Sweeney, who has had both Hedges and Engstrom in a split role for the duration of her reign at DATG.
“The consolidation of these important functions into one role allows us to streamline decisionmaking and align our strategic goals to better serve the evolving needs of our Group,” said Sweeney. “Peter is a proven executive who has a keen understanding of our business and what is needed to continue our momentum and growth.”
Seymour was previously executive VP of strategy and research for Disney Media Networks. His accomplishments include spearheading the launch of a Disney research lab in Austin and managing the merchandising and licensing offshots of franchises ranging from ABC’s “Castle” to ABC Family’s “Jane by Design.”
Move is unrelated to the departure Wednesday of Jeff Bader, exec VP planning, scheduling and distribution at ABC, who took a new role at NBC.
DATG encompasses ABC, ABC Studios, ABC-owned station group, Disney Channel, Disney XD, Disney Junior, Disney Domestic Television, ABC Family, Radio Disney and Hyperion Publishing.