CBS Corp’s Showtime Networks names new chief financial officer

CBS Corp’s Showtime Networks names new chief financial officer

CBS Corp’s CBS, +2.08% Showtime Networks, whose programs include “Shameless,” “Billions” and the upcoming comedy “Black Monday” about the Wall Street crash of 1987, announced Friday it has named Adam Townsend to the position of executive vice president and chief financial officer. Townsend will be replacing Christina Spade, who now serves as chief financial officer and executive vice president of Showtime parent CBS. In his new role, Townsend will be oversee the finance, strategy and information systems for Showtime Networks’ businesses. Townsend started at CBS in 2008 as executive vice president of investor relations, where he oversaw the company’s outreach to investors, and in 2016 he became executive vice president of corporate finance and investor relations. Shares of CBS have fallen 3.1% so far this year, while the S&P 500 SPX, +0.19% has gained 3.6%.

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