Viacom Appoints Wade Davis CFO; Jimmy Barge Out

Big changes ahead for entertainment conglomerate

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Jimmy Barge is out and Wade Davis is in the top financial spot at Viacom. Davis will take over as CFO after a brief period of transition between the two executives. Once Davis is installed, Barge will leave the company "to pursue other opportunities," according to a statement issued by Viacom.

"We want to thank Jimmy for his professionalism and many years of dedicated service to Viacom, particularly his outstanding work to strengthen our financial position," said Viacom's COO Thomas E.

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