Time Warner Inc. (NYSE: TWX) has announced the appointment of Pascal Desroches as Time Warner’s Senior Vice President and Controller, effective January 1, 2008. Currently serving as Time Warner’s Senior Vice President and Deputy Controller, Mr. Desroches succeeds James Barge, who is leaving Time Warner to take a senior position at another company.
Desroches will report to John Martin, who, as previously announced, will become Executive Vice President and Chief Financial Officer of Time Warner on January 1, 2008, succeeding Wayne Pace, who is retiring. Mr. Martin currently serves as Executive Vice President, Chief Financial Officer of Time Warner Cable Inc.
In his new role, Mr. Desroches will be responsible for overseeing a broad range of financial matters for Time Warner, including internal and external financial reporting, financial planning and analysis, as well as providing support for special projects, including mergers, acquisitions and other transactions.
“This is a well-deserved promotion for Pascal. He is widely respected throughout the company and the accounting profession for his integrity, judgment and financial expertise. I’m confident he will continue to play a key role in helping maximize the potential of our organization” Martin said .
Desroches joined Time Warner in 2001 as Assistant Controller. He was elected Vice President and Deputy Controller in 2003 and then was promoted to Senior Vice President and Deputy Controller earlier this year. As Senior Vice President and Deputy Controller, he has been responsible for the company’s external financial reporting, internal controls and accounting policies.
Prior to joining Time Warner, Mr. Desroches was a partner in KPMG LLP’s Department of Professional Practice – Assurance & Advisory Services in New York. Previously, he was a Professional Accounting Fellow with the Office of the Chief Accountant at the United States Securities and Exchange Commission (SEC).
Desroches is an honors graduate of St. John’s University, where he received a B.A. degree in accounting. He received an M.B.A. degree, with a concentration in Corporate Finance and Management of Organization, from the Columbia University Graduate School of Business.
Desroches is a New York State Certified Public Accountant and is a member of the American Institute of Certified Public Accountants (AICPA). He was also a member of AICPA’s Accounting Standards Executive Committee from 2004 through 2007. He serves on the Board of Directors of New Alternatives for Children.