Penske Media Finance Team Appoints Executives To New Roles, Hires Tax Lead
LOS ANGELES, May 24, 2017 /PRNewswire/ -- Penske Media Corporation (PMC) today announced three significant appointments across the executive level of its finance team. The company elevated two finance executives to new roles: Ken DelAlcazar is now senior vice president of finance, and Young Ko is now the company's vice president of finance and controller. In addition, seasoned tax expert Julie Trinh joins the team as vice president of global tax. These appointments come as PMC scales its corporate infrastructure for its continually growing portfolio of iconic brands, which includes Variety, WWD, Footwear News, Deadline, Indiewire, TVLine, Hollywood Life, and, most recently, Robb Report.
"Both Ken and Young have played critical roles in scaling our business. They are both operationally oriented financial executives with the ability to produce quality financial information in a rapidly evolving environment," said PMC Chief Operating Officer George Grobar. "And we are thrilled to have Julie joining PMC, bringing to the team her deep international tax planning experience in both private companies and private equity."
DelAlcazar, who continues to report to Grobar, has been a PMC finance executive for the past six years as PMC's vice president of finance, leading all of the company's financial planning efforts and overseeing the integration of multiple acquisitions into PMC. Under his leadership, the finance team has grown fivefold and the business has expanded significantly in both revenue and profitability. DelAlcazar has also been instrumental in automating many of the key operational processes behind sales and billing, as well as the financial reporting process itself.
"Being part of PMC's corporate team over these past six years of high growth has been a remarkable experience," DelAlcazar said. "Having been in a nearly constant scale mode while tailoring our finance and accounting approach to PMC's more than 20 brands and business units has given me a unique challenge and amazing opportunity to not only support PMC's results but also directly influence its operational success."
Ko, who reports to DelAlcazar, has served as PMC's controller since 2013, overseeing the company's day to day finance and accounting, treasury functions, and long-term strategic tax initiatives. He has led due diligence for the company's multiple acquisitions over the past four years and has also been a key driver in the integration of those companies. In addition to building the growing accounting organization, Ko has established the company's international subsidiaries and banking relationships, taken the lead with external audit and tax partners, and migrated the company onto a new general ledger system.
"PMC's finance work continues to evolve and present new and interesting challenges with the growth of the business," said Ko. "It's incredibly gratifying to implement new strategy and process that has a direct impact on our bottom line across our multiple business units."
In her new role, Trinh will ensure PMC continues to comply with global tax requirements and apprise PMC leadership of changing regulations affecting PMC and its investments. Trinh, who reports to Ko, comes to PMC with an extensive corporate and international tax background, particularly in the technology and software sector.
"The energy and potential for the business are immediately palpable here," said Trinh. "The sky is the limit for PMC's growth potential; I'm honored and thrilled to be able to contribute to this company's exciting future."
DelAlcazar, Ko and Trinh are all based out of Penske Media's Los Angeles office.
About PMC
Penske Media Corporation (PMC) is a leading digital media and information services company whose award-winning content attracts a monthly audience of more than 180 million and empowers more than 1 million global CEOs and business thought-leaders in markets that impact the world. Our dynamic events, data services, and rich content entertain and educate today's fashion, retail, beauty, entertainment and lifestyle sectors. Headquartered in New York and Los Angeles with additional offices in 11 countries worldwide, Penske Media is the way global influencers are informed, connected, and inspired. To learn more about PMC and its iconic brands, visit www.pmc.com.
SOURCE Penske Media Corporation
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