U.S. HISPANIC
Univision withdraws its proposed initial public offering and appoints Peter Lori CFO
Maribel Ramos-Weiner| 8 de marzo de 2018
Peter H Lori
Univision Holdings, Inc. announced that, due to prevailing market conditions, it has requested the withdrawal of its Form S-1 on file with the U.S. Securities and Exchange Commission (the “SEC”) for a proposed initial public offering (IPO) of shares of its Class A common stock. The Registration Statement has not been declared effective by the SEC, and no securities have been or will be sold pursuant to the Registration Statement.
Univision also announced that Peter H. Lori has been named Chief Financial Officer, effective immediately. Lori, who has served as EVP, Finance, Chief Accounting Officer and Deputy Chief Financial Officer for UCI, succeeds Francisco (Frank) J. López-Balboa, who has decided to leave the company to pursue other opportunities. Lori will report to Randy Falco, president and CEO.
“Pete has been a critical member of our senior finance team for the last 13 years and has the right combination of corporate finance and accounting expertise, clear leadership skills and deep knowledge of our company to drive financial growth at UCI. He has been instrumental in helping us to reduce our debt and improve our capital structure, and we are confident our finance organization will continue to thrive under his leadership,” said Falco.
“I am excited to have the opportunity to lead our financial organization and to continue working with the talented and driven individuals at UCI. Throughout my time here I’ve been focused on helping to strengthen our financial results for the benefit of our audiences, employees and key stakeholders, and I remain committed to meeting our strategic goals. With a platform of strong 2017 results to build on, I look forward to working with Randy and the rest of the team to position our Company for long-term success,” said Lori.
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