FOR IMMEDIATE RELEASE
Sony Pictures Entertainment Names Philip Rowley Chief Financial Officer
[Culver City, CA - May 10, 2016] Sony Pictures Entertainment (SPE) today announced that Philip Rowley will be the studio's new Chief Financial Officer. Rowley comes to SPE after a distinguished career in finance spanning the entertainment, media and tech sectors, including working with EMI Music Worldwide and AOL Europe, where he served as CFO, COO and CEO. He will replace current SPE CFO David Hendler, who is retiring in June. Rowley will start on June 20 and report to Michael Lynton, CEO, Sony Entertainment.
"I've known Philip since our days at AOL and I am delighted to be working with him again," said Lynton. "Philip's financial expertise and international experience in the media, entertainment and tech sectors make him perfectly suited for the increasingly global and multifaceted nature of our business. I want to thank Dave for his many years of service at SPE and for strategically managing the studio's financial affairs through years of unprecedented change in our industry."
Rowley said: "I am thrilled to be joining SPE at such an exciting time and am very much looking forward to working with Michael again. I enjoyed working in the entertainment industry before, and am very happy to have the opportunity to rejoin it at a time of such change and opportunity."
In addition to overseeing SPE's financial affairs and corporate development opportunities, Rowley will oversee SPE's information technology, facilities, procurement, security and health and safety.
Rowley was at AOL Europe in London from 2001-2007. As CFO, he was instrumental in moving the company into profitability from a substantial loss position, and was in due course named COO, and later CEO. Prior to AOL, Rowley was at Kingfisher PLC, where he served as Group Finance Director; at Golden Books Family Entertainment as COO and CFO, and was co-founder and Managing Director of Tribeca Technologies in New York, a technology company specializing in ISDN connectivity and sound compression technologies. Rowley has served as Executive Vice President and Chief Financial Officer of EMI Music Worldwide, where he was responsible for finance, strategic planning, information technology, human resources and the studios group (which included Abbey Road). During the six years in that role he led the acquisition of Virgin Music, Chrysalis Music and IRS Records. Before that, Rowley served in a number of senior roles at EMI Music including Finance Director for Europe. He was Vice President for Finance at Thorn EMI Screen Entertainment in Los Angeles; and Vice President for Finance and Planning for Thorn EMI Video in New York.
Since 2007, Rowley has held a number of non-executive board seats including Promethean World plc, where he served as Non-Executive Director and then Chairman from 2010-2015; HMV Group plc, where he served as Non-Executive Director and then Chairman from 2007-2013; MISYS Plc and Tradus PLC; and ARM Holdings plc, where he served for over nine years, during which time he successively chaired the audit and remuneration committees.
About Sony Pictures Entertainment
Sony Pictures Entertainment (SPE) is a subsidiary of Sony Entertainment Inc., a subsidiary of Tokyo-based Sony Corporation. SPE's global operations encompass motion picture production, acquisition and distribution; television production, acquisition and distribution; television networks; digital content creation and distribution; operation of studio facilities; and development of new entertainment products, services and technologies. For additional information, go to http://www.sonypictures.com.