Cablevision CFO resigns; Siebert takes on role
Cablevision said yesterday that Michael Huseby resigned from his post as the company's chief financial officer and that Gregg Siebert has taken on the added role of CFO.
Cablevision, the nation's fourth-largest cable operator, didn't provide any details on Huseby's resignation but said he would continue working with the company until July 1 in a transitional role. Huseby also resigned from his executive vice president position.
"During the last seven years, Michael Huseby has been instrumental in the success and growth of Cablevision," Cablevision President and CEO James Dolan said. "He has helped guide the company through a challenging economic period, while working with the executive management team on Cablevision's successful spin-off of The Madison Square Garden Co. and countless other financial matters. We appreciate Michael's many contributions and thank him for his distinguished tenure as chief financial officer."
Prior to joining Cablevision in 2004, Huseby was an executive at AT&T and at Charter Communications, as well as a cable consultant.
In addition to taking over as CFO, Seibert is also an executive vice president with Cablevision. Seibert joined Cablevision in 2009 after 20 years at Merrill Lynch. While at Merrill Lynch, he handled banking activities for a roster of companies that included Cablevision, Comcast, Liberty Media and News Corp.
"Since joining Cablevision more than two years ago, Gregg Seibert has provided valuable counsel on numerous company initiatives, while overseeing a number of transactions that have significantly improved the company's financial profile," Dolan said. "We are fortunate to have an executive with Gregg's expertise and are confident that he is the right person to lead Cablevision's excellent financial team going forward."