Alex Ferrari has been promoted to executive vice president and chief financial operator for MTV Networks. During his tenure, Ferrari has played a key role in virtually every major company project since joining the company in 1982. He was involved with the formation of Comedy Central, Nick Studios Florida, and the MTVi Group as well as the international expansion of the MTVN brands. Mark Rosenthal, president and COO of MTV Networks, said, "Alex's well-deserved promotion reflects his deep financial savvy and ability to manage the finances of a growing business while also implementing major changes company-wide. Alex has been critical to the integration of TNN and CMT into this company, and his ability to develop innovative strategies that effectively meet the challenges of our growth cannot be overstated."