Kate Davies Named Senior Vice President of Accounting and Finance
SANTA MONICA, Calif. and VANCOUVER, British Columbia, April 5, 2017 /CNW/ -- In a move positioning its finance operations to reflect the Company's continued worldwide growth, Lionsgate (NYSE: LGF.A, LGF.B), a premier next generation global content leader, has promoted 25-year accounting and finance veteran Kristine Klimczak to Executive Vice President and Assistant Treasurer and appointed Kate Davies to the position of Senior Vice President of Accounting and Finance.
Ms. Klimczak will be responsible for Lionsgate's global cash financial planning and debt management and will report to Chief Financial Officer Jimmy Barge in her new capacity as Assistant Treasurer. She will also oversee certain operational accounting and worldwide cash management functions under the leadership of Chief Accounting Officer Rick Prell.
Ms. Davies will assume Ms. Klimczak's former role of Senior Vice President and will be tasked to manage procure to pay automation initiatives and day-to-day accounting operations. She previously served as a consultant for Lionsgate and worked closely with Ms. Klimczak on the implementation of the Company's expense reporting system and accounting initiatives.
"Kristine is an astute finance executive and skilled strategist who has positioned our finance operations to keep pace with Lionsgate's continued growth into a multibillion dollar global content leader," said Barge and Prell. "Combining her expertise with Kate's track record in efficient systems management, our finance team is better positioned than ever to meet the needs of Lionsgate's capital structure and expanding operations around the world."
Ms. Klimczak joined Lionsgate in February 2005 as Vice President of Finance. Prior to Lionsgate, she held progressively responsible accounting and finance positions in both technology and entertainment companies. She graduated from the University of Michigan Business School and earned a CPA while working in public accounting for three years.
Before joining Lionsgate, Ms. Davies worked at Sony Pictures Entertainment for over a decade in their Information Technology department where she held a number of successive roles that culminated in the position of Vice President. At Sony, she managed the company's procure to pay solutions, its international television advertising billing and their global cash flow forecasting application, among other things.
Lionsgate (NYSE: LGF.A, LGF.B) is a vertically integrated next generation global content leader with a diversified presence in motion picture production and distribution, television programming and syndication, premium pay television networks, home entertainment, global distribution and sales, interactive ventures and games and location-based entertainment.
With the acquisition of Starz, Lionsgate adds to its portfolio of businesses the flagship STARZ premium pay network serving 24.3 million subscribers and the STARZ ENCORE platform with 31 million subscribers. The combined company will operate five over-the-top (OTT) streaming services and the STARZ app delivering content directly to consumers.
The Company's feature film business spans eight labels and includes the blockbuster The Hunger Games franchise, the Now You See Me series, the box office blockbuster La La Land, which won six Academy Awards®, the hit franchise sequel John Wick: Chapter Two, double Oscar winner Hacksaw Ridge, Tyler Perry's Boo! A Madea Halloween, The Shack, Saban's Power Rangers, CBS Films/Lionsgate's Hell or High Water, Roadside Attractions' critically-acclaimed Manchester by the Sea, Codeblack Films' breakout concert film Kevin Hart: Let Me Explain and Pantelion Films' Instructions Not Included, the highest-grossing Spanish-language film ever released in the U.S.
One of the largest independent television businesses in the world, Lionsgate's slate of premium quality series encompasses nearly 90 shows on more than 40 different networks. These include the ground-breaking Orange is the New Black, the fan favorite Nashville, the syndication success The Wendy Williams Show, the hit drama The Royals, the acclaimed Casual, the breakout success Greenleaf and hit STARZ series including Outlander, Black Sails, Survivor's Remorse and Power, the second highest-rated premium pay television series of 2016.
Lionsgate's home entertainment business is an industry leader in box office-to-DVD and box office-to-VOD revenue conversion rates. Lionsgate handles a prestigious and prolific library of more than 16,000 motion picture and television titles that is an important source of recurring revenue and serves as a foundation for the growth of the Company's core businesses. The Lionsgate, Summit Entertainment and Starz brands are synonymous with original, daring, quality entertainment in markets around the world. www.lionsgate.com
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