Comcast Corporation (Nasdaq: CMCSA, CMCSK), one of the world's leading media, entertainment and communications companies, announced today it has promoted Peter Kiriacoulacos to Executive Vice President of Procurement for Comcast Cable, reporting to Dave Scott, Executive Vice President and Chief Financial Officer, Comcast Cable. Additionally, the company announced he has been appointed Senior Vice President of Procurement for NBCUniversal, reporting to Stuart Epstein, Executive Vice President and Chief Financial Officer, NBCUniversal. Marcia Haynes, who has helped build a world-class procurement operation at NBCUniversal, will continue to lead that function at NBCUniversal and will report to Mr. Kiriacoulacos. Mr. Kiriacoulacos previously served as Senior Vice President of Procurement for Comcast Cable.
As the Chief Procurement Officer of Comcast Cable and NBCUniversal, Mr. Kiriacoulacos will be responsible for the combined procurement function and will lead material and enterprise-wide capital and operating expense-based vendor negotiations, including overseeing supplier diversity initiatives, among many other areas.
"Since joining Comcast, Peter has built a best-in-class procurement operation," said Mr. Scott. "He has established strong relationships in the vendor community, and his extensive experience and management skills make him the ideal leader for this combined role."
Mr. Epstein commented, "I am thrilled to have Peter overseeing procurement at NBCUniversal. I've been impressed with his successes at Comcast Cable and look forward to him overseeing our procurement team."
Prior to joining Comcast nearly five years ago, Mr. Kiriacoulacos served as Vice President of Global Procurement at Liberty Global, Inc. He holds a Bachelor of Science and post-graduate degrees in Commerce from the University of South Australia, Adelaide. Mr. Kiriacoulacos also serves as a National Trustee Board Member for the Boys and Girls Clubs of America.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA, CMCSK) (www.comcast.com) is one of the world's leading media, entertainment and communications companies. Comcast is principally involved in the operation of cable systems through Comcast Cable and in the development, production and distribution of entertainment, news, sports and other content for global audiences through NBCUniversal. Comcast Cable is one of the nation's largest video, high-speed Internet and phone providers to residential and business customers. Comcast is the majority owner and manager of NBCUniversal, which owns and operates entertainment and news cable networks, the NBC and Telemundo broadcast networks, local television station groups, television production operations, a major motion picture company and theme parks.