Roger Werner, the former CEO of ESPN, has stepped down from his current CEO post, reports Multichannel News.
Most recently Werner has been the CEO of the Outdoor Channel. Reports Multichannel, "Outdoor Channel named longtime executive Thomas Hornish president and CEO, effective Feb. 1, replacing Roger Werner, who will become co-chairman."
The article continues: "Hornish, 52, has served as the company’s general counsel since December 2004, executive vice president of corporate development since February 2006 and chief operating officer since March 2007."
The article, by Mike Ferrell, adds that according to a filing with the Securities and Exchange Commission: "Hornish will receive $450,000 in annual salary in his new post, and will be eligible for an annual performance bonus of up to 70% of his base salary. Hornish will also receive an incremental award of 150,000 shares of restricted stock on Feb. 1."