“We are very excited about the transformation of Clear Channel in the last several years into a true multi-media platform," said John Connaughton, a Managing Director at Bain Capital. "Rich will advance this mission with his exceptional track record as an executive at several premier media companies. Having worked with Rich over the last seven years, I know he will use his experience, in-depth knowledge of the company, and enduring relationships with Bob and the leadership to continue to grow the business and bring unique skills to an already-strong senior management team."Pittman continued, “I’d like to extend my most sincere thanks to Tom Casey for his significant contributions to Clear Channel over the last several years that set the stage for the company’s continued evolution. Especially notable has been all his work during the completion of the recent debt refinancings, which strengthened our financial position and prepared our company for its next stage of growth. With these transactions complete, it’s a natural time for this transition, which will enable Clear Channel to maximize its potential and take advantage of the company’s promise and value. We wish Tom all the best for the future.”
RICHARD J. BRESSLER NAMED PRESIDENT AND CHIEF FINANCIAL OFFICER OF CC MEDIA HOLDINGS, INC. AND CLEAR CHANNEL COMMUNICATIONS, INC., AND CHIEF FINANCIAL OFFICER OF CLEAR CHANNEL OUTDOOR HOLDINGS, INC. (Photo: Business Wire)
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