Creative Artists Agency names Time Warner exec Burtson CFO
Entertainment and sports agency Creative Artists Agency has named media and entertainment industry veteran James Burtson as chief financial officer, effective July 13.
Burtson succeeds Jeff M. Berry, who is moving with his family from Los Angeles this summer, CAA said. “We are very grateful for the contributions
Jeff made to CAA over the last three-and-a-half years, and wish him the
best in the future,” CAA President Richard Lovett said in a statement.
Burtson most recently was senior vice president of Time Warner Inc., overseeing the company’s global mergers
and acquisitions efforts. Burtson led the spin-offs of Time Warner
Cable, AOL and Time Inc., and oversaw multiple strategic network,
content, and new media acquisitions and investments.Previously, Burtson led Time Warner’s
investor relations initiatives. Prior to re-joining Time Warner in 2002,
Burtson worked at Clear Channel Communications as vice president of
strategic development and CFO of the company’s online business. He previously worked for J.P. Morgan & Co. as an investment banker and
began his career at Time Warner as a financial analyst in corporate
finance and M&A.
CAA said Burtson will lead the agency’s
finance and accounting functions and play a key role in helping the
company continue to execute its aggressive growth strategy around the
world. CAA said Burtson will lead the agency’s
finance and accounting functions and play a key role in helping the
company continue to execute its aggressive growth strategy around the
world.
CAA has been aiming to grow and diversify
its business, having recently made six acquisitions, in addition to other investments, in the areas of sports, corporate marketing,
licensing and live events. This strategy, which began more than 18
months ago, was helped by a significant investment from investment firm
TPG in October 2014. In addition, CAA’s affiliate investment
bank, Evolution Media Capital, in partnership with TPG Growth and
Participant Media, has also accelerated the investment activity of its
$350 million Evolution Media Partners vehicle, which holds stakes in
Fred Segal, Fender and other growth companies in the media, technology
and consumer sectors.
“CAA is experiencing incredible growth as we
continue to expand the ways we serve clients and capitalize on new
opportunities in the converging space of technology, content, sports and
media,” said Lovett. “The addition of Jim, someone who has driven strategy for growing and dynamic businesses, is a meaningful next step in our company’s evolution. His blend of deep financial and strategic
experience will ensure that we continue along the path of strategically
building our unique and growing global platform. I know Jim will be a
natural fit within our highly collaborative environment and I look
forward to working with him as we pursue future growth.”
“CAA’s track record of industry leadership,
and its constant innovation pushing the sector forward, has created a
company and platform like no other,” said Burtson. “To be a part of
CAA’s bright future is incredibly inspiring and humbling.”
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