Discovery extends Zaslav’s CEO gig to 2023 | Major Businesses | Business | News | Rapid TV News
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Discovery Communications has extended president and CEO David Zaslav's employment contract through the end of 2023.

David Zaslav 19July2018In turn, Zaslav has committed to hold the majority of his equity from stock grants to term, furthering the alignment of shareholder and management interests.

“A dynamic, creative and passionate leader, David is a builder and an innovator, laser-focused on creating value,” said Robert Miron, chairman of Discovery’s Board of Directors. “This multi-year commitment affirms our confidence in David’s leadership, and on behalf of the entire Board of Directors, we are excited for David and his strong management team to drive further success and growth in this next chapter of the new Discovery.”

In 2018, Discovery acquired Scripps Networks Interactive, home to lifestyle brands including HGTV, Food Network and Travel Channel; and, it signed an alliance with the PGA TOUR to create a first-of-its kind international golf service, including global television and multi-platform live rights outside the United States, to all PGA TOUR media properties.

“David has done a masterful job leading and growing Discovery over the last decade,” said Discovery board member and Liberty Media chair John Malone in a statement. “He is a visionary, a strategic builder and all around great guy. "Under David’s leadership, Discovery has scaled new heights becoming the leader in sports across Europe, building the leading global IP portfolio of high quality content, and positioning Discovery for continued global growth," Malone added. "We are lucky to have him.”

Zaslav joined Discovery as president and CEO in 2007, following a career at NBCUniversal.