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Clear Channel International announces changes to operating structure – including creation of European region

05/08/2019

The move creates four clear operating regions for Clear Channel International’s holding company, Clear Channel Outdoor Holdings (NYSE:CCO): America, Latin America, China and Europe

William Eccleshare, newly appointed Worldwide CEO of Clear Channel Outdoor Holdings, is leading the changes as his first move for the company following its separation from its former parent company iHeartMedia earlier this month

Justin Cochrane, who has 19 years’ experience with Clear Channel, has been appointed into the newly created role of CEO, Europe

London, 8th May 2019:  Clear Channel International (CCI), the leading innovator in out-of-home advertising, has created a new European region, establishing four clear operating regions for its holding company Clear Channel Outdoor Holdings (NYSE:CCO). The changes to the company’s operating structure are being led by William Eccleshare, Worldwide CEO for Clear Channel Outdoor Holdings and CEO and Chairman of CCI, as part of his wider vision for the newly independent company. 

The creation of a new European region within CCI is part of William Eccleshare’s wider strategy for CCOH following the separation from its former parent company, iHeartMedia. The changes see the creation of four clear operating regions for CCOH:  Europe, Latin America and China – which sit within the CCI division; and Clear Channel Outdoor Americas (CCOA) – the company’s US and Caribbean division.

Justin Cochrane, who holds 19 years’ experience with Clear Channel – most recently as CEO UK and Regional Vice President, UK & Ireland - has been appointed to the role of Chief Executive Officer for the newly-created European region. Justin will have overall responsibility for Europe’s overarching vision, mission and strategy, building on the considerable success he’s had in leading digital transformation in the UK & Ireland, to scale these efforts across Europe.

William Eccleshare, Worldwide CEO for Clear Channel Outdoor Holdings (CCOH), said: “We have reached an exciting point in CCOH’s journey. As we emerge an independent organisation with the support of new shareholders and a new independent board, this is the perfect time to make changes to ensure that Clear Channel International’s (CCI) operating structure is right to deliver the next chapter.”

“I am delighted that Justin has accepted the position as the first European CEO. Justin has been paramount in driving digital transformation and innovation in the UK & Ireland, which has led to strong financial growth in the market. I look forward to Justin continuing his success across the continent.”

Commenting on his appointment, Justin Cochrane said: “With the establishment of a European region, we will be better positioned to harness the power of technology and accelerate our digital transformation. Outdoor is consistently outgrowing all other traditional advertising media, driven heavily by digital OOH1, and this new structure gives us a strong platform to innovate and maintain our position as an industry leader. I am very much looking forward to taking on this new role and leading a great international team across our European markets.”

Justin joined CCI as a group accountant in 2001. By 2007, he had achieved the role of Group Finance Director before moving to Clear Channel UK in 2010 as Chief Financial Officer. In 2013, Justin was appointed its Chief Operating Officer and in 2015 took up the role of Chief Executive Officer. Alongside his role as CEO of Clear Channel UK, Justin also became Chairman of Outsmart, the trade body for UK Out of Home, in 2016.

Under CCI’s new operating structure, Aris De Juan, formerly Regional President for Latin America and Southern Europe, has been confirmed as President of its Latin America region. Scott Wells will continue to hold the position of CEO for CCOA, and in China, Joseph Tcheng remains Chairman of Clear Media. 

-Ends-

Notes to Editors

[1] According to figures from Magna Media Forecast (April 2019).

About Clear Channel Outdoor Holdings
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is one of the world’s largest outdoor advertising companies with a diverse portfolio of 450,000 print and digital displays in 31 countries across Asia, Europe, Latin America and North America, reaching millions of people monthly. A growing digital platform includes over 13,500 digital displays in its international markets and more than 1,200 digital billboards across 28 markets in the U.S.

Comprised of two business divisions - Clear Channel International (CCI), covering markets in Asia, Europe and Latin America, and Clear Channel Outdoor Americas (CCOA), the U.S and Caribbean business division – CCO employs 5,600 people globally.

For more information, visit: www.investor.clearchannel.com, www.clearchannelinternational.com  and www.clearchanneloutdoor.com 

Press contacts
Lucy Puddefoot
Head of PR & Communications
Clear Channel International
Tel: +44(0) 207 478 2284
Email: lucypuddefoot@clearchannel.com

Rachel Davies
Fleishman Hillard Fishburn
Tel: +44(0) 208 618 2879
Email: rachel.davies@fhflondon.co.uk

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