April 2, 2013
/PRNewswire/ -- Clear Channel Outdoor, Inc. (NYSE: CCO) today announced the promotion of
to executive vice president of specialty businesses. In his new role, Sturek will join the CCO North American executive committee and report directly to
, president and chief operating officer for Clear Channel Outdoor North America. Sturek now oversees four major lines of businesses – Clear Channel Airports, Clear Channel Malls, Clear Channel Spectacolor and Clear Channel Outdoor in
In making the announcement, Grimes said, "This important organizational change will help Clear Channel Outdoor achieve our growth objectives in the near- and long-term. I have enormous confidence in Toby's abilities to expand upon the successes he's already achieved with airports as he takes on the responsibility for profitably growing revenues with the outdoor business in
, through our malls business and with Spectacolor. Since 2010, Toby increased our airport revenues by over 21 percent. He achieved this remarkable success in a tough business environment by leveraging his strong relationships with key advertising agencies and winning or renewing sixty-one airport contracts."
In his previous role as president of Clear Channel Airports, Sturek was the visionary behind innovative long-term growth strategies, strategic marketing and business development initiatives. During his tenure, Clear Channel Airports won 16 new airport contracts and also introduced several technology initiatives, including FlySmart
, a passenger app; and ClearVision Digital Network, a television experience programmed specifically for airports.
Sturek's career at Clear Channel Outdoor began in 2000 when he joined the company as senior financial analyst for mergers and acquisitions. He was named vice president and chief financial officer of Clear Channel Airports in 2005 and was named co-president a few years later in 2009.