Swain to replace retiring Olson as Dish Network CFO
Dish Network (NASDAQ: DISH) announced that Chief Financial Officer Robert Olson will retire, effective Oct. 15, and Senior VP of Programming Steve Swain will replace him.
At left, Olson; right, Swain. (Images courtesy of Dish)
Olson joined the Englewood, Colo.-based satellite TV company in 2009, arriving with a two-decade-plus executive career that included stops at AT&T's Business Services division (NYSE: T), ExxonMobil and American Airlines.
The announcement comes with Dish's shares up around 12.8 percent for the year, which paces well ahead of the 7.8 percent rise of the S&P 500 index.
"Robert is as capable and strategic a CFO as I have ever encountered in my 42 years in business," said Dish President and CEO Joseph Clayton. "I congratulate Robert on the excellent service he has given Dish over the past five years and for the capable team he has built."
Swain joined Dish in 2011 and currently oversees the acquisition and renewal of all Dish programming. He arrived at the company as VP of corporate financial planning and analysis, having previously worked for CenturyLink (NYSE: CTL).
"Steve has been a star since the day he arrived," said Clayton. "He has a command of the entire Finance organization and, having had the chance to lead our programming group, he is equipped to offer a sound strategic perspective to our entire business."
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