David Novak to serve as Chairman of “SpinCo”
Comcast has picked David Novak to serve as the Chairman of the Board for the future company that will consist of the cable giant’s national pay television networks, currently dubbed “SpinCo.” Novak is the co-founder of Yum Brands — the quick-service restaurant chain spun out from PepsiCo in the late 1990s and which consists of recognizable brands like KFC, Taco Bell, Habit Burger and Pizza Hut — where he also worked as the CEO and Chairman of the Board. Comcast said Novak will bring “nearly 40 years of experience leading and growing well-known consumer brands to the company’s new brand,” which will consist of its cable networks like MSNBC, CNBC, USA Network, E! and SyFy (but not Bravo, which Comcast will retain), as well as digital assets like Fandango and Rotten Tomatoes. “As Comcast separates this business, we’re excited that … Read more
