Corporate finance veteran Michael Grau is joining Madison Square Garden Entertainment Corp in a dual capacity, tasked with overseeing the live entertainment specialist's financial affairs.
Effective February 12, Grau joins the business as executive vice president, finance, and then, after a transition period, adds CFO responsibilities effective April 1.
In this role, Grau will work closely with MSG Entertainment's executive management team to support the company's long-term direction, reporting to MSG Entertainment Executive Chairman and CEO James L. Dolan.
He will also provide strategic financial insight into all aspects of the business and will be involved in financial planning and analysis, auditing, treasury, investor relations, tax and procurement functions.
Grau joins MSG Entertainment from Altice USA, the publicly traded cable communications company, where he served as chief financial officer. He assumed this role in 2019 after a nearly 20-year career at Cablevision Systems Corporation, which was acquired by Altice in 2016.
“We are delighted to welcome Michael to MSG Entertainment in this important role,” comments Dolan. “Michael was previously a key member of our finance team at Cablevision and brings significant financial and operational experience to this role, which will prove invaluable as we continue to advance the company's key initiatives.”
“MSG Entertainment is a pioneer in live entertainment and I am honored to have the opportunity to bring my experience to bear in this role,” adds Grau. “I look forward to working with the company's management team and the entire finance department to ensure that we continue to deliver excellence in our finance functions and drive business priorities.”
MSG Entertainment's portfolio includes New York's Madison Square Garden, Theater at Madison Square Garden, Radio City Music Hall, Beacon Theater and The Chicago Theater and the original production, Christmas Spectacular Starring the Radio City Rockettes.
The group completed a spin-off last year that separated the pure-play live music business from MSG Entertainment's state-of-the-art Las Vegas venue, sports television network and hospitality businesses.
