Gerard Gruosso, Executive Vice President and Chief Financial Officer (CFO) of A&E Television Networks will receive the Distinguished CFO Award from the Media Financial Management Association (MFM). The honor will be presented at Media Finance Focus 2011 in May.
“In nominating him for the award, one of Gerard’s colleagues cited his ability to maintain the delicate balance between meeting near-term financial performance objectives with investing in the business in order for it to remain competitive. When you consider that the company has quadrupled its revenue growth during the eight years Gerard has served as its CFO, he has clearly mastered that skill,” said Mary Collins, President & CEO of MFM and BCCA. “Gerard has also distinguished himself among his peers for his ability to successfully manage all of the responsibilities of today’s CFO, which in his case also encompasses IT management and broadcast operations as well as the full scope of financial administration requirements,” she added.
Gruosso, a former member of MFM’s Board of Directors, joined A&E in 1985 as Assistant Controller and went on to serve as its Controller and Vice President before assuming his present position in March 2002. He played an instrumental role in the company’s acquisition of Lifetime Networks and its emergence as a global media company generating over $2 billion in annual revenues.
Prior to joining A&E, Gruosso served as Manager of Corporate Accounting at Warner Amex Cable Communications, Inc. He joined Warner Amex in 1980 as a Senior Accountant and subsequently served as Senior Financial Analyst and Assistant Manager. Prior to that, he was Senior Accountant at Norton, Lilly & Company. In addition to his involvement in MFM, he is a member of the Financial Executives Institute.
Media Finance Focus 2011, the 51st annual MFM/BCCA conference, will take place May 15-17 in Atlanta.