Randall Mays is stepping down as president and chief financial officer of Clear Channel. The change in top management comes a year after the radio and outdoor giant was acquired by Bain Capital and Thomas H. Lee Partners in a $24 billion deal that has left the company with crippling debt of more than $21 billion.
No replacement for the CFO position has been named.
The news of Mays resignation came via an internal memo to employees Tuesday (Oct.
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