Univision Communications Inc. (UCI) has appointed Vincent Sadusky, former chief executive officer of Media General, as CEO, replacing Randy Falco, who is retiring after an eight-year tenure.
Falco is retiring from his role as president and CEO. He will remain an advisor to the company through the end of 2018 to ensure a smooth transition.
Sadusky’s appointment is effective June 1. He will also become a member of the Univision board of directors. Most recently, Sadusky served as president and CEO of Media General. Prior to that, he served as president and CEO of LIN Media. Earlier in his career, Sadusky held several executive positions at Telemundo Communications, including chief financial officer and treasurer.
Haim Saban, chairman of the board of directors of UCI, said, “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.”
Falco commented, “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. I believe wholeheartedly in UCI’s mission and vision and am confident that the Company will remain on a path for continued success with Vince leading the way.”
Saban continued, “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. On behalf of the entire board, we look forward to working with Vince to achieve great success for UCI.”
Sadusky commented, “It’s an honor and privilege to have the opportunity to serve as CEO of UCI, a company I have long admired for its important mission to serve as a lifeline and advocate for its community, and the strong bonds it has built with its audience. 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.”