Univision Communications Inc. (UCI) has appointed Peter H. Lori as the company’s chief financial officer, effective immediately.
Lori previously was executive VP of finance, chief accounting officer and deputy chief financial officer for UCI. He is now replacing Francisco (Frank) J. Lopez-Balboa, who is departing the company to pursue other opportunities. Lori will work under Randy Falco, UCI’s president and CEO.
Before joining UCI in 2005, Lori served as an audit partner at KPMG and a partner at Arthur Andersen.
“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,” said Falco. “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.
“I would like to thank Frank for his tremendous contributions to Univision since joining in 2015, during which [time] he led a strong and capable finance and accounting organization in addition to managing our relationships with many of our external stakeholders. Given that our path to pursue a public offering has changed, this is an opportunity for Frank to begin the next chapter of his career. We wish him the best in his future endeavors.”
“I am excited to have the opportunity to lead our financial organization and to continue working with the talented and driven individuals at UCI,” added Lori. “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.”