Clear Channel Outdoor Appoints Chet Kwasniak as Chief Financial Officer
PHOENIX--(BUSINESS WIRE)-- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), today announced the appointment of Chet Kwasniak as Executive Vice President and Chief Financial Officer for its Americas Division. Mr. Kwasniak's appointment will be effective June 15, 2009. He will oversee all financial reporting and IT activities, and will report to Paul Meyer, President and CEO of Clear Channel Outdoor for the Americas.
Mr. Kwasniak joins Clear Channel Outdoor with prior experience at Greenheck Corporation, North America's leading manufacturer of building ventilation equipment, where he held the same position. Prior to that, he was Chief Financial Officer, Group Vice President of Finance and Business Development at Danaher Corporation's Sensors and Controls Group where he gained international experience in Asia and Europe. He also served as a Group Controller at Cisco Systems and as an Area Controller at Pactiv.
In announcing the appointment, Mr. Meyer stated, "Chet's extensive experience with systems designed to bring data-driven discipline to the businesses he has worked with provide him with the exact skill set to become an important strategic contributor to our management team. We look forward to working with him."
"I am excited about the unique combination of assets that position Clear Channel Outdoor to grow at an accelerated pace once our current economic downturn reverses," said Mr. Kwasniak. "I'm looking forward to working with Paul and the rest of the talented executive team to build upon its strong foundation as the global leader in outdoor advertising."
Mr. Kwasniak holds a B.S. in accounting from University of Illinois and an MBA from University of Chicago.
About Clear Channel Outdoor
Clear Channel Outdoor (NYSE:CCO) is the world's largest outdoor advertising company with close to one million displays in over 50 countries across 5 continents. In the United States, the company operates just under 200,000 advertising displays and has a presence in 49 of the top 50 Designated Market Areas. It also operates airport, rail, taxi and mall advertising businesses worldwide. Its Spectacolor (U.S.) and DEFI (international) divisions are the global market leaders in spectacular sign displays, including in New York's Times Square. Clear Channel Adshel is the company's international street furniture division, which operates over 3,500 municipal advertising contracts worldwide. Clear Channel Outdoor also operates digital displays and networks in most of its divisions. More information may be found by visiting www.clearchanneloutdoor.com
Source: Clear Channel Outdoor Holdings, Inc.
Released June 5, 2009