Greg Maffei To Serve 5 More Years As CEO Of Liberty Interactive, Liberty Media

(RTTNews) - Liberty Interactive Corp (QVCA, QVCB, LVNTA, LVNTB) and Liberty Media Corp (LMCA, LMCB, LMCK) on Monday said that their respective boards have approved new employment arrangements with President and CEO Gregory Maffei that are intended to secure his services through 2019.

"We are extremely pleased that Greg will continue in his leadership role for another five years," said John Malone, Chairman of Liberty Interactive and Liberty Media. "His creativity and strategic vision have been transformational and have created tremendous shareholder value since he joined us in 2005."

"I am thrilled to continue in my role at Liberty," said Greg Maffei. "I want to thank John and the Board members for the support I have received as we have made significant investments and transformative changes. Today, Liberty has a portfolio of businesses that are very well-positioned for the digital mobile era, led by great management teams, with the resources to be opportunistic in the future."