You read it in RBR-TVBR in March. Now it is reality. Former NBC Universal honcho Randy Falco has been promoted from COO to President and CEO at Univision Communications.
Falco had been the highest ranking executive at the company since Joe Uva was pushed out as President and CEO in March. Falco will now also become a member of the board of directors. Haim Saban continues as Executive Chairman.
“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,” said Saban.
“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.”
Prior to joining Univision early this year Falco had been CEO of AOL. Before that he spent more than 30 years at NBCU, culminating in his role as President and COO of NBC Universal Television Group.