Showtime Networks’s executive vice president and chief financial officer Adam Townsend is stepping down from the position at the end of March, after 12 combined years at Showtime Networks and CBS.
Succeeding him in the CFO role will be Michael Crotty, who will be returning to the company after a three-year stint as senior vice president of affiliate revenue and business operations for Showtime until 2016.
He is set to oversee BET Networks’ finance team now that Showtime is part of the newly merged ViacomCBS. Crotty starts immediately, with Townsend shepherding the transition.
Townsend has been CFO since Oct. 2018, after a decade as exec VP of corporate finance and investor relations at CBS, where he oversaw CBS’ investment community
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