NEW YORK, April 2, 2013 /PRNewswire/ -- Clear Channel Outdoor, Inc. (NYSE: CCO) today announced the promotion of Toby Sturek to executive vice president of specialty businesses. In his new role, Sturek will join the CCO North American executive committee and report directly to Suzanne Grimes, president and chief operating officer for Clear Channel Outdoor North America. Sturek now oversees four major lines of businesses – Clear Channel Airports, Clear Channel Malls, Clear Channel Spectacolor and Clear Channel Outdoor in Canada.
In making the announcement, Grimes said, "This important organizational change will help Clear Channel Outdoor achieve our growth objectives in the near- and long-term. I have enormous confidence in Toby's abilities to expand upon the successes he's already achieved with airports as he takes on the responsibility for profitably growing revenues with the outdoor business in Canada, through our malls business and with Spectacolor. Since 2010, Toby increased our airport revenues by over 21 percent. He achieved this remarkable success in a tough business environment by leveraging his strong relationships with key advertising agencies and winning or renewing sixty-one airport contracts."
In his previous role as president of Clear Channel Airports, Sturek was the visionary behind innovative long-term growth strategies, strategic marketing and business development initiatives. During his tenure, Clear Channel Airports won 16 new airport contracts and also introduced several technology initiatives, including FlySmartTM, a passenger app; and ClearVision Digital Network, a television experience programmed specifically for airports.
Sturek's career at Clear Channel Outdoor began in 2000 when he joined the company as senior financial analyst for mergers and acquisitions. He was named vice president and chief financial officer of Clear Channel Airports in 2005 and was named co-president a few years later in 2009.
"The businesses now under Toby's guidance are important components of Clear Channel Outdoor's portfolio and are significant to the growth of the North American business," said Grimes. "I believe that Toby's unique combination of leadership skills, industry knowledge, and track record of success make him uniquely qualified for this role."
About Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is one of the world's largest outdoor advertising companies reaching more than half a billion people globally every month. CCO helps advertisers create inspiring out-of-home campaigns across displays spanning traditional and digital sign formats in urban, transit, airport and roadside environments, on street furniture, and at retail near point of sale. CCO enables brands to meet and engage people out and about in all manner of lifestyle environments. CCO's network spans 28 countries with 750,000 displays and has the fastest growing digital outdoor network now surpassing 4,500 digital billboards worldwide.
Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Clear Channel Outdoor
SOURCE Clear Channel Outdoor, Inc.
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