Harbinger Group Picks New CFO

Feb 27 2012 | 1:41pm ET

Harbinger Capital Management has named a former Reader's Digest and AT&T executive the new finance chief of its permanent capital vehicle.

Thomas Williams will join Harbinger Group a week from today as CFO. He succeeds Francis McCarron, the former Triarc CFO who will leave the firm at the end of April after two years at Harbinger.

Williams was CEO of RDA Holding, which publishes Reader's Digest, for roughly six months last year, after spending two years as its CFO. Williams formerly spent two decades at AT&T and was CFO of Affinion Group Holdings from 2007 to 2009.

McCarron's exit and Williams' entrance come amidst much turmoil at Harbinger. The hedge fund has invested more than half of its capital in wireless internet venture LightSquared, which is set to lose its Federal Communications Commission approval.


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Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.