Audacy Announces CEO Transition
Audacy, Inc. has recently announced a significant leadership transition, signaling a new chapter for the company. Under this change, David J. Field will step down from his roles as President and Chief Executive Officer, as well as a member of the Board of Directors. In his place, Kelli Turner, who is already a Board member of Audacy, has been appointed as the interim President and CEO effective immediately.
The Vision Ahead
The Board of Directors is actively conducting a search for a permanent CEO, ensuring that Audacy is set for a successful transition. Meanwhile, David J. Field will continue to contribute to the company in a new capacity as Special Advisor to the CEO and the Board. This strategic move is aimed at maintaining the momentum built under Mr. Field's leadership while preparing for the company's future.
A Legacy of Growth
Reflecting on his tenure, Mr. Field expressed pride in the evolution of Audacy from a small collection of radio stations into a robust multi-platform audio content and entertainment leader. Under his guidance, Audacy has expanded tremendously, achieving over $1.2 billion in revenue, becoming one of the largest players in the podcasting arena, and claiming dominant market positions in sports audio.
“It's a proud moment for me to witness the growth of Audacy and all the talented individuals who contribute to our success,” stated Mr. Field, highlighting the achievements in revenue growth and market share across radio and digital platforms.
Kelli Turner's Leadership
Kelli Turner brings a wealth of experience to her new role. Since September 2024, she has been part of the Audacy Board. Turner holds a robust background in the media and investment sectors. Prior to this, she was the Managing Director and Chief Financial Officer at Sun Capital Partners, and she has held several key positions in various leading companies, including as President and Chief Operating Officer at SESAC Holdings.
An Accomplished Executive
With her extensive leadership experience in advertising, music technology, and investment firms, Ms. Turner is well-equipped to steer Audacy during this transitional phase. Her educational accolades include a Bachelor of Business Administration from the University of Michigan's Ross School of Business and a Juris Doctor from the University of Michigan Law School, which complements her professional prowess.
Under Kelli Turner's interim leadership, the company is poised to continue its growth trajectory and adapt to the evolving audio landscape, ensuring a seamless transition while they search for a permanent CEO.
About Audacy
Audacy, Inc. is a prominent multi-platform audio content and entertainment company, engaging with approximately 200 million consumers. The company's diverse offerings include audio broadcasting, podcasts, and a digital audio platform that continues to grow rapidly. With leading positions in news and sports broadcasting, Audacy is committed to providing quality content to its audience. This changing of the guard at Audacy represents an opportunity for renewed growth and innovation in the ever-evolving audio landscape.
Frequently Asked Questions
What prompted the leadership transition at Audacy?
The leadership transition was part of a strategic decision as David J. Field stepped down as President and CEO, allowing Kelli Turner to take on the role of interim CEO.
Who is Kelli Turner?
Kelli Turner is an experienced executive, previously a Board member at Audacy and formerly serving as CFO at Sun Capital Partners and COO at SESAC Holdings.
What is Audacy's strategy moving forward?
Audacy plans to maintain its growth momentum while transitioning to new leadership, ensuring continued innovation in audio content delivery.
What achievements did David J. Field highlight during his tenure?
Field pointed out the growth from $10 million in revenues to $1.2 billion, emphasizing the company’s strong positioning in both radio and podcasting.
What is Audacy's market position?
Audacy stands as one of the leading multi-platform audio content companies, with significant influence in sports audio, broadcasting, and a rapidly expanding digital audio platform.
