has namedDerek Changpresident and chief executive effective Feb. 1.
He replaces longtime Liberty CEOGreg Maffei, who announced his departure in November.
I am thrilled to welcome Derek as the CEO of Liberty Media.
Derek Chang when he was CEO of NBA ChinaDave Zhong/Getty Images for CNBC Internationa
I look forward to supporting him and the Liberty management team as they continue to drive shareholder value.
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Malone will serve as interim CEO until Chang starts.
Hell be stepping down from that role but remain on the board of EverPass.
He has also held senior executive positions with the YES internet and TCI Communications.
