Christopher Piazza Promoted To Vice President, Financial Operations And Compliance For Warner Bros. Consumer Products

(August 5, 2003 – Burbank, CA) - Christopher Piazza has been promoted to Vice President of Financial Operations and Compliance for Warner Bros. Consumer Products, it was announced today by Nairi Gardiner, Senior Vice President, Finance and Operations for Warner Bros. Consumer Products. “As Chris has distinguished himself in accounting and finance, he will head the division’s worldwide credit, compliance and audit functions,” Gardiner said. “With his in-depth knowledge of domestic and international financial operations, Chris will continue to bring innovative strategies to Warner Bros. Consumer Products’ fiscal initiatives.” Reporting to Gardiner, Piazza will be responsible for evaluating the financial position of the division’s business partners and managing its accounts receivable porfolio. He will negotiate and settle licensee and agent audits and report on worldwide audit status. Additionally, Piazza will streamline and standardize cash receipts management. In his previous position as Director of International Finance and Operations for Warner Bros. Consumer Products, Piazza managed financial planning and had operational responsibilities for the Latin American and Asian markets. He also held a six-month assignment in London where he was responsible for financial oversight for the European markets. Piazza has also held domestic finance positions since he joined Warner Bros. Consumer Products in 1999. Prior to Warner Bros., Piazza worked at the Colburn School of Performing Arts as a business manager and at Price Waterhouse in audit and tax. He holds an MBA and a Bachelor of Science degree in Accounting from the University of Southern California and is a Certified Public Accountant. Warner Bros. Consumer Products, a Warner Bros. Entertainment Company, is one of the leading licensing and retail merchandising organizations in the world. # # #