Showtime has named Adam Townsend as executive VP and CFO. He replaces Christina Spade, who on Thursday was named to the same role at CBS Corp.
Townsend will be responsible for all financial matters relating to Showtime Networks’ businesses, including oversight of finance, strategy and information systems for the network’s divisions.
“As the media landscape continues to evolve, we are very fortunate to have a strategic and results-driven executive like Adam join our senior management team,” said David Nevins, who himself added a new role as Showime’s chairman to go along with his CEO title. Nevins is also taking on a larger role within parent company CBS Corp, as chief creative officer.
Nevins continued: “With his extensive financial experience and deep knowledge and understanding of our industry – not to mention his impressive leadership and collaborative nature that I have come to know over the years – I am confident he will excel as our CFO and be an incredible asset to the future of our company.”
Townsend first joined CBS Corp. in July 2008 as executive VP of investor relations. Before joining CBS, Townsend served as managing director of investor relations and corporate strategy for the E*TRADE Financial Corporation.
Spade had served as executive VP and CFO and strategy for Showtime since February 2013, where she helped scale Showtime’s streaming service, which launched in 2015. Spade has been with Showtime for 22 years and is one of the highest-ranking female finance executives in the industry.