Former NBC and AOL executive Randy Falco has been upped to president and CEO of Univision. Falco, who had been EVP and COO of the nation’s #1 Spanish-language network, will also become a member of the Univision Board of Directors and will be based in New York.
“The Board unanimously agreed that Randy’s track record and expertise make him the ideal executive to lead Univision’s future growth, said Haim Saban, executive chairman of the Univision Board of Directors. Univision is owned by a consortium of investors, led by Saban.
Falco spent more than 30 years at NBC, lastly as president and COO of the TV group. In 2002, he oversaw NBC’s acquisition of Telemundo.
Falco takes over for Joe Uva who left Univision in March.
Press release after the jump…
RANDY FALCO NAMED PRESIDENT AND CHIEF EXECUTIVE OFFICER OF UNIVISION
NEW YORK, NY, JUNE 29, 2011 – Univision Communications Inc., the premier media company serving Hispanic America, today announced that Randy Falco, executive vice president and chief operating officer, has been appointed president and chief executive officer, effective immediately. Additionally, Falco will become a member of the Univision Board of Directors and will continue to be based in New York. This appointment follows a comprehensive search process.
Haim Saban, executive chairman of the Univision Board of Directors, stated, “The Board unanimously agreed that Randy’s track record and expertise make him the ideal executive to lead Univision’s future growth. Randy has over 30 years of relevant industry experience and has demonstrated his highly-skilled leadership and strategic vision at Univision over the past six months. We are confident in Randy’s ability to deliver on Univision’s goals and accelerate our growth as a leading multi-platform media company in America.”
“I am thrilled to take on the role of Chief Executive Officer,” said Falco. “Univision has been at the forefront of innovation and has grown its competitive position while continuing to serve and advocate for the important U.S. Hispanic community. I’m excited to lead a company with such tremendous growth potential and look forward to continuing to work with such an exceptional leadership team.”
Falco assumed the role of Univision’s executive vice president and chief operating officer in early 2011, overseeing all revenue functions for the Company, including advertising sales, distribution sales and affiliate relations, as well as the operations of the Company’s television and radio station groups, corporate marketing, research and corporate business development. Previously Falco held the position of chairman and chief executive officer of AOL, Inc., where he was responsible for all business and strategic operations of the Company. Prior to AOL, Falco spent more than 30 years in varying roles at NBC Universal, Inc., culminating as president and chief operating officer of NBC Universal Television Group. In that role, Falco was responsible for the group’s operating and commercial functions, including advertising sales, affiliate relations, business development, cable distribution, global television distribution, IT and network and studio operations. In addition, he was also responsible for Telemundo. Prior to that, Falco held numerous positions throughout NBC Universal, including group president of NBC Television Network from 1998-2004 and president of broadcast and network operations from 1993-1998. Falco was also chief operating officer of NBC Universal’s Olympics operations in Salt Lake City in 2002, Sydney in 2000, Atlanta in 1996, and Barcelona in 1992.