Vincent Sadusky, former Chief Executive Officer of Media General, to succeed Falco as Chief Executive Officer, effective June 1, 2018
Randy Falco to retire following eight-year tenure and Vince Sadusky is UCI´s new CEO
31 de mayo de 2018
Univision Communications Inc. (UCI) announced that Randy Falco will retire earlier from his role as president and Chief Executive Officer. Falco will remain an advisor to the Company through the end of 2018 to ensure a smooth transition.
The Board of Directors has appointed Vincent Sadusky, former Chief Executive Officer of Media General, to succeed Falco as Chief Executive Officer, effective June 1, 2018. Sadusky will also become a member of the Univision Board of Directors.
“Over the last eight years, Randy has led the transformation of UCI into a modern media organization with a diverse portfolio of assets, sterling brands and content that audiences and marketers want, backed by strong earnings growth, a significantly improved balance sheet and a team of motivated and purpose-driven employees. Randy has always recognized and embraced Univision as an incredibly unique company with a mission and vision that goes well beyond traditional media. On behalf of the entire Board, I want to thank Randy for his leadership, commitment and partnership, and congratulate him on his retirement,” said Haim Saban, Chairman of the Board of Directors of UCI.
“Leading UCI has been one of the most personally and professionally rewarding experiences of my life. So much has changed – and will continue to change – in the media landscape but through it all one thing remains true: no other media company serves and supports Hispanic America like UCI, something that is more important than ever in our world today,” Falco commented.
Sadusky, 53, brings to Univision a wealth of knowledge and experience in the media industry and a track record as an effective and innovative leader.
“Vince is distinctly qualified to lead UCI through the next phase of its growth, given his impressive track record of leadership, vision, deep industry experience and relationships. This is a unique moment for UCI, and we believe that we have the right strategy and team in place to execute on the opportunities in front of us,” Saban continued.
Sadusky commented, “I am eager to work with UCI’s talented team to enhance the Company’s leadership position and underscore its crucial role as a source of news and information. Over the last few months, UCI has taken a number of steps to evolve and thrive in today’s rapidly changing media environment and I am committed to ensuring the Company is in the best position possible to serve its audiences for decades to come.”