The former Banc of America executive begins his new job on Aug. 3. He brings 19 years of broadcasting, media and telecommunications industry investment banking experience to his new role.
Nexstar Broadcasting Groupannounced today that Thomas E. Carter, 51, has been named chief financial officer, effective Aug. 3. Carter will assume the CFO position from Shirley E. Green, who has served as company’s interim CFO since May 11, and who will continue as Nexstar Broadcasting Group’s vice president, controller and secretary.
Carter brings over 25 years of banking experience to his new role at Nexstar, with the last 19 years focused exclusively on the media and telecommunications sectors.
At Nexstar, Carter will be responsible for all of the company’s financial and treasury functions including financial reporting, bank relationships, conducting internal and industry analysis to support the company’s goals for growth, investor relations, and M&A activity.
Prior to joining Nexstar, Carter was managing director, media telecom corporate investment banking at Banc of America Securities, which he joined in 1985. In this position, he acted as the senior banker responsible for delivering bank products and services including M&A, private and public equity, high-yield debt, fixed income derivatives, syndicated financial products and treasury management for selected clients across the broadcasting, cable, publishing and media industries, including Nexstar Broadcasting.
Carter began his banking career in 1980, serving for five years in various roles in corporate and international banking at a predecessor to JPMorgan Chase.
He will receive an option to purchase 100,000 shares of the Nexstar common stock. The option was granted pursuant to the company’s equity incentive plan and is subject to vesting.
Carter earned a Bachelor of business administration from Southern Methodist University in 1980.