Warner Bros. Discovery names Fraser Woodford CFO and Brian Rauch CAO, effective on Separation close

Warner Bros. Discovery, Inc.

Fraser Woodford, current EVP Treasury, appointed CFO upon closing of tax-free Separation; Gunnar Wiedenfels to become CEO.
Brian Rauch, current EVP Global Business Services, appointed CAO upon Separation close, succeeding Lori Locke.
Compensation terms for Woodford and Rauch not yet determined; 8-K will be amended within four business days.
Appointments are contingent on completion of the previously announced Separation into Warner Bros. and Discovery Global.

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