In an announcement made along with its strong Q3 results early Wednesday, Beasley Media Group interim CEO Caroline Beasley has been given permanent CEO duties at her family’s publicly traded company, effective January 1, 2017.
Caroline Beasley has served as the Company’s EVP/CFO, Treasurer and Secretary since 1994; as a Director of the company since 1983; and as the interim CEO since March, following George G. Beasley’s medical leave of absence.
George Beasley will continue to serve as the company’s chairman of the board, and Ms. Beasley will continue to serve as a board member.
TEDESCO TAPPED AS CFO
Beasley veteran Marie Tedesco, who presently serves as the company’s Naples, Fla.-based VP/Finance, will succeed Caroline Beasley as CFO, also effective January 1, 2017.
Tedesco has served as Beasley’s VP/Finance since 2000. She began her radio industry career in Los Angeles in 1982 at the former industry trade publication Radio & Records. Tedesco also worked for Westwood One and NBC Radio, where she was involved in the launch of legendary Rock 40 station KQLZ-FM “Pirate Radio” in Los Angeles in March 1989.
Tedesco joined Beasley in 1991 as Corporate Controller.
Commenting on the appointments, George Beasley said, “Caroline brings to her new role an unrivaled passion for radio, our stations and the markets where we operate, and I am proud that she will lead our expanded base of operations. She has the experience and industry knowledge to compete effectively in today’s multi-platform environment and has been instrumental in building our station platform and digital operations while bringing new efficiencies to our organization. I am confident these accomplishments and experience will serve us well as we integrate the Greater Media assets and derive value from this compelling, value-building transaction. We look forward to the benefits of Caroline’s leadership, experience and relationships as we execute on our plans to further broaden the company and ensure that our stations deliver excellent entertainment for listeners and high value for our advertising and brand clients.
“Similarly, Marie brings a long record of financial experience to her new role including contributions at Beasley in areas such as financial reporting, corporate growth and strategic development. We are delighted to have tremendous bench strength in the finance department as Marie will continue to work with our deep and experienced team of operations, marketing and sales professionals and outside advisers as we execute on our strategic growth initiatives.”