Univision Communications Appoints CFO

NEW YORK: Univision Communications has hired global financial exec Francisco (Frank) J. Lopez-Balboa as the company's new chief financial officer, effective immediately.

In his new role, Lopez-Balboa will work out of New York under Randy Falco, the president and CEO of Univision Communications. Peter H. Lori, who had been serving as interim CFO since February, will continue as executive VP of finance and chief accounting officer, and has also been named deputy CFO, reporting to Lopez-Balboa.

Previously, Lopez-Balboa was the managing director and head of Telecom, Media and Technology Investment Grade Financing at Goldman, Sachs & Co. Earlier in his career, he was a director in the Capital Markets Group at Merrill, Lynch & Co.

Falco commented: "Frank is a seasoned executive with the ideal combination of keen strategic thinking, media expertise and exceptional financial skills. Over the course of his career, he has played a role in many of the most transformative transactions within our industry and has a deep understanding of our business and the media landscape as a whole. He shares our vision of building a multiplatform media company, and has an acute appreciation for the important role we play in the Hispanic community, our strong positioning among our peers, and the distinct value proposition we bring to our clients. Frank has the right strategic and financial skill set to help us achieve our goals, and I am confident he will contribute significantly to our continued growth as the leader in Hispanic media."

"This is an extraordinary time to be joining Univision and I am honored to take on this important role in one of America's leading media businesses," added Lopez-Balboa. "I have long admired Univision's strong performance and unique growth story, and look forward to working with the Board, Randy, Pete and the rest of the management and finance teams, to ensure we are best-positioned for future success."