A+E Networks has promoted David Bank to chief financial officer for the cable group that includes Lifetime, A&E Network and History Channel.
Bank will replace Art Vomvas who is retiring after nearly three decades as a member of A+E Networks’ finance and business planning team and served as interim CFO for the company for the last year. Bank has spent the past five years as executive VP and chief strategy & development officer.
As CFO, Bank will lead financial functions across all of A+E’s divisions in the U.S. and globally. He will report to Paul Buccieri, president and chairman of A+E Networks Group.
“Since joining A+E Networks, David Bank has been a key leader, elevating our profile as a global media company through strategic investments and new revenue initiatives,” Buccieri said. “With extensive leadership experience in media and finance, I am confident that in his new role as CFO David will continue to help us effectively navigate the business landscape and position us to align and meet our goals in this rapidly changing environment.”
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Buccieri also saluted Vomvas for his long service to the company that is a joint venture of Disney and Hearst.
“I also want to thank Art Vomvas for nearly three decades of dedication to A+E Networks and congratulate him on his extraordinary career. Art has made incredible contributions to our company,” Buccieri said. “We are grateful for his leadership and wish him the best for his retirement.”
Before Bank joined A+E Networks in 2019, he served as executive VP and Head of Investor Relations at CBS. He also spent 16 years as an equity research analyst specializing in media and entertainment at RBC.
“For the past five years, I have been proud to call A+E Networks my home and be part of one of the best content companies in the business,” Bank said. “In taking on the role of CFO, I am thrilled to collaborate further with Paul and the executive team to help the company continue to excel and evolve during this time of transformation in our industry.”
