Joe Uva Out at Univision

NEW YORK: Joe Uva, the president and CEO of Univision, has decided not to renew his employment agreement, with the search for a new topper commencing immediately and Haim Saban assuming additional responsibilities in his role as executive chairman until Uva’s replacement is appointed.

Uva’s departure is effective upon the end of the current term of his employment contract, April 2. Of his departure, Uva commented: “My four years as President and CEO of Univision have been extremely exciting and rewarding. I believe our team can be proud of the accomplishments that we achieved during my tenure. Although I will miss working with the many talented professionals at Univision, the team is strong and I have decided the time is right for me to capitalize on other opportunities. I know that Univision will continue its great success as the premier Spanish-language media company in the U.S.”

Saban said: “On behalf of the Univision Board of Directors, we would like to commend Joe for his tremendous contributions over the past four years. Univision is a better company today due to Joe’s efforts in building a strong leadership team and positioning Univision for long-term success. Univision’s business is strong, and the entire management team remains focused on delivering value to its customers and stakeholders. We wish Joe the best in his future endeavors.”