Comcast Corp. honcho Brian Roberts has a new set of eyes on ShopNBC’s board.
Robert Pick, Comcast’s Senior Vice President of Corporate Development, will fill a vacancy left by the resignation of Catherine Dunleavy, following the expansion of her responsibilities as executive vice president and chief financial officer of Comcast’s NBC Universal Cable Entertainment Group.
Of course, Pick had his canned statement,
“I am delighted to be joining ValueVision’s (i.e. ShopNBC’s) Board of Directors and look forward to working with Randy and the rest of the Board,” he said.
No. 1 cable company Comcast, through its ownership of NBC Universal, holds more than 7.1 million ShopNBC shares, representing approximately 14.5 percent of the total stock.
At Comcast, Pick oversees the company’s corporate development and merger and acquisition activities. He joined Comcast in 1989 and has played an integral role in shaping Comcast’s strategic vision and its implementation.
“It gives me great pleasure to welcome Bob to our Board,” ShopNBC Chairman Randy Ronning said in a statement. “He has an impressive background in strategic corporate development coupled with a comprehensive understanding of our multichannel retailing space. We look forward to benefiting from his insights and experience to enhance shareholder value.”
During Pick’s tenure at Comcast, he worked on the newly created NBC Universal joint venture with GE Corp.; the sale of spectrum to and creation of a joint operating entity with Verizon Wireless; the acquisition of AT&T Broadband; the unwinding of Comcast’s stake in Time Warner Cable; acquisitions of the cable assets of Adelphia Communications, Maclean Hunter, EW Scripps and Jones Cable; the start-up of the telecommunications company, Teleport, and the high speed broadband company, @Home (which flopped); the acquisitions of E! Entertainment and the Golf Channel; and the acquisition and sale of QVC and Comcast Cellular.
Prior to Comcast, Pick held various financial positions with Bell Atlantic and spent 10 years with KPMG Peat Marwick.