DISCOVERY, INC. HIRES NEIL CHUGANI AS CHIEF FINANCIAL OFFICER AND HEAD OF STRATEGY AND OPERATIONS, DIRECT-TO-CONSUMER

New York, NY – March 9, 2020 – Discovery, Inc., the global leader in real-life entertainment, today announced that Neil Chugani has been appointed Chief Financial Officer and Head of Strategy and Operations, Direct-to-Consumer. The announcement was made by Gunnar Wiedenfels, Chief Financial Officer, Discovery, to whom Chugani reports. In the newly created role, Chugani will work closely with Peter Faricy, CEO, Global Direct-to-Consumer at Discovery, and his senior leadership team to drive the financial strategy of Discovery’s rapidly expanding DTC team. He will be based at Discovery’s London offices.

“We are delighted to welcome Neil to the Discovery team,” said Wiedenfels. “Neil is a highly respected digital finance leader, whose experience and skills will help us further accelerate our strategic pivot as we make our great content and brands available to our passionate fans across all platforms around the world.”

“We are thrilled to add another world-class executive to Discovery’s growing direct-to-consumer organization,” said Faricy. “Neil has a strong track record of successful business growth in the tech and media sectors, and we look forward to working with him as Discovery continues to invest in expanding our global direct-to-consumer offerings.”

Chugani will be responsible for formulating and implementing the financial strategy that will allow the team to meet Discovery’s ambitious growth objectives in the DTC space. He will work with all of Discovery’s DTC business units, both in the U.S. and International markets to create consistent strategic, financial, and operational practices.

Prior to joining Discovery, Chugani was at Google since 2015, where he was a Senior Director and held a number of leadership positions. Most recently, he served as CFO for the Business and Operations of Google and YouTube in Europe, Middle East and Africa. As a member of the Google EMEA Management Group, he played a key role in driving the doubling of revenue in the region over the last five years. He was previously Group CFO at BBC Worldwide, the commercial and international arm of the BBC, held senior executive positions at Sky, and was a Technology and Media Banker at Goldman Sachs. He is a former Board Member of UK Sport, the UK Government’s lead strategic body for Olympic sport, and was selected as a Young Global Leader by the World Economic Forum in 2009.

Chugani has an MA from Oxford University. Representing Great Britain, he won a gold medal at the World Rowing Championships in 2001. He is currently a member of the Board and Management Committee of Henley Royal Regatta, the world’s pre-eminent annual international rowing event, where he also leads the event’s award-winning live digital and TV coverage.

For Chugani’s headshot, please click here.

About Discovery

Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) is a global leader in real life entertainment, serving a passionate audience of superfans around the world with content that inspires, informs and entertains. Discovery delivers over 8,000 hours of original programming each year and has category leadership across deeply loved content genres around the world. Available in 220 countries and territories and nearly 50 languages, Discovery is a platform innovator, reaching viewers on all screens, including TV Everywhere products such as the GO portfolio of apps; direct-to-consumer streaming services such as Eurosport Player, Food Network Kitchen and MotorTrend OnDemand; digital-first and social content from Group Nine Media; a landmark natural history and factual content partnership with the BBC; and a strategic alliance with PGA TOUR to create the international home of golf. Discovery’s portfolio of premium brands includes Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, MotorTrend, Animal Planet, Science Channel, and the forthcoming multi-platform JV with Chip and Joanna Gaines, Magnolia, as well as OWN: Oprah Winfrey Network in the U.S., Discovery Kids in Latin America, and Eurosport, the leading provider of locally relevant, premium sports and Home of the Olympic Games across Europe. For more information, please visit corporate.discovery.com and follow @DiscoveryIncTV across social platforms.

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