The nation’s No. 1 owner of radio stations has a new individual charged with managing its relationship with the investor community “and ensuring that the company strategy is aligned with the needs of its equity holders” — following its forthcoming listing on the NASDAQ exchange.
Media industry veteran Kareem Chin has been named Senior Vice President and Head of Investor Relations for iHeartMedia. Chin will be based in New York and will report to CFO and President/COO Rich Bressler.
In his new role, Chin will work closely with Bressler; Chairman/CEO Bob Pittman; EVP and General Counsel Paul McNicol; and leaders of iHeartMedia’s Finance and Communications teams. He will oversee the company’s investor conferences, investor meetings and quarterly earnings releases and financial filings.
Prior to joining iHeartMedia, Chin spent three years as VP/Investor Relations for Viacom, where he played an integral role in all of the company’s investor relations efforts, including the communication of the company’s strategies and quarterly results as well as the coordination of corporate access, investor conferences and non-deal roadshows.
He previously spent over a decade in investment banking, including serving as SVP/Investment Banking – Media & Telecommunications Group at Jefferies and as VP of Investment Banking – Mergers and Acquisitions at Deutsche Bank Securities Inc.
However, the biggest takeaway is likely the confirmation that the “new” iHeart, one that is now post-bankruptcy, will begin trading on NASDAQ very soon.
“We’re extremely pleased to have someone with Kareem’s extensive financial background and industry knowledge to help reintroduce the equity world to iHeartMedia and tell the story of iHeart’s leadership in audio as we prepare to list on the NASDAQ exchange,” Bressler said. “Kareem is both well-known and well respected in the investment and media communities, which makes him the perfect person to work with both our new shareholders and the equity analysts who will now cover us.”
