NEW YORK—Time Warner has named James Burtson, vice president of investor relations and head of the company’s IR group, reporting to Wayne Pace, executive vice president and chief financial officer. Burtson will oversee the development and execution of the company’s investor relations initiatives, and serve as the primary day-to-day contact for Time Warner with the investment community. He will succeed John Martin, senior vice president of investor relations, who led the group for more than four years, recently named chief financial officer of Time Warner Cable.
“Over the past three years, Jim has worked closely with senior management to help shape and effectively communicate our business strategy and our progress in returning the company to a path of sustainable growth,” says Pace. “His strong financial background and communications skills, as well as his deep knowledge of our businesses and relationships with the investment community, make him a highly valuable asset and the obvious choice to fill this leadership role.”
Prior to joining Time Warner in 2002, Burtson spent three years at Clear Channel Communications, where he served as vice president of strategic development. Earlier, he worked for J.P. Morgan as an investment banker specializing in mergers and acquisitions.
Kelli Turner, executive director of investor relations, will take on increasing responsibilities as Burtson’s deputy.
NEW YORK—Peter Costiglio is leaving his job as vice president of communications at Time Inc. after more than 15 years in the position, according to a report in the New York Post.
Costiglio joined from Prudential Bache Securities in 1989 as Time was preparing to merge with Warner Communications. He served under three different CEOs.