NBCUniversal has a new chief financial officer, with Randy Culbertson being elevated to oversee the entertainment companys finances.

Culbertsons promotion was announced in a memo to staff Tuesday by NBCU COO Adam Miller and Comcast CFO Jason Armstrong.

Culbertson, who currently works as CFO and executive VP of operations for NBCU ad sales, will succeed Anand Kiri, who is exiting the role to become CFO of Comcasts cable SpinCo, which is set to split from the company later this year. Mark Lazarus will be CEO of the new venture, while Miller is taking on an expanded role at NBCU as COO.

Before joining NBCU Culbertson spent a decade at General Electric.

As CFO of NBCU, Randy will oversee the Finance and Strategy functions across the company, and work closely with the leadership teams in our Media, News, Studio, and Universal Destinations Experiences divisions on their growth strategies, operating plans, and budgets, Miller and Armstrong wrote. Randy truly understands our business and has proven to be an effective leader and respected colleague. Randy will report directly to Adam in his new role and will be supported by an excellent Corporate team as well as the embedded business CFOs across the company. He will continue to support the Ad Sales business as we begin to identify internal and external candidates to fill his role.