Abu Dhabi Media Company, one of the fastest growing, multi-platform, media organisations in the region, has appointed a new chief financial officer.

Speaking on the appointment of Frank Mooty as the company’s new CFO, Edward Borgerding, CEO of Abu Dhabi Media Company said: “Abu Dhabi Media Company is a growth story not only in terms of rich content but commercial opportunity.

“Frank’s proven financial stewardship and experience with global media brands will enable us to streamline and upgrade our financial operations to the highest international standards.”

Prior to joining Abu Dhabi Media Company, Mooty was group chief financial officer at quoted newspaper group Metro International SA where he helped deliver the group’s first profit, strengthened the balance sheet, and improved relations with analysts.

He has held director positions with the BBC, ITEL-Time Warner and De Agostini, where he implemented solid financial processes, secured financing and developed strategic budgeting processes.

In Coopers & Lybrand he helped a range of blue chip companies to improve the performance of their finance functions. Mooty is experienced in negotiating joint ventures and preparing companies for IPOs.

“Abu Dhabi Media Company has achieved phenomenal growth and international recognition over the last year,” said Mooty.

“This is a great opportunity to improve, protect and build the commercial position of one of the Arab world’s most exciting media companies,” he added. – TradeArabia News Service