
What is being described as “a leadership realignment” in the Markets Group of the nation’s No. 1 radio station owner by number of stations is underway, the company announced on Monday.
What does this mean for iHeartMedia, across its 160 Markets and 860+ radio stations?
The changes are designed to bring “new high-growth opportunities,” with the Markets Group a key focal point of the moves. With station performance crux to the moves, too, iHeartMedia shared “heightened areas of focus” for additional senior leaders.
In 2020, iHeart announced that it would group its Markets by common needs and characteristics into three different divisions – Region, Metro and Community — to make sharing of resources and experiences easier and more targeted. The company has now named five new Division Presidents:
- Bernie Weiss and Paul Corvino for the Region Division
- Kristin Foley, Chris Soechtig and DJ Hodge for the Metro Division
- Tom McConnell, formerly a Metro Division President, will also become a Region Division President.
In addition, Nick Gnau, formerly a Community Division President, will become a Metro Division President.
Shosh Abromovich and Dan Lankford will add Nick’s former Markets to their responsibilities as the Community Division Presidents.
Amy Leimbach, who served as Senior Vice President of Sales for Austin, Dallas and San Antonio, TX, will become President of those Markets.
The company also announced changes that “will enable it to increase its focus on a number of high-growth opportunities.”
This means Kevin LeGrett, President of the iHeart Sports Network, will be making the transition from his role as Division President of Los Angeles to now focus exclusively “on leading and growing the company’s leading Political and Sports platforms.”
The company played up the iHeartSports Network’s reach in making the announcement.
There’s more.
“To underscore iHeart’s deep commitment to serving all of its communities, Tony Coles will continue to build on his groundbreaking leadership as President of BIN: Black Information Network and, in addition, will now lead all multicultural efforts as the President of Multi-Cultural Business and Development.”
The new Division Presidents will report directly to Hartley Adkins, President of the iHeartMedia Markets Group, and Coles and LeGrett, as well as Adkins, will report to Rich Bressler, iHeart’s President, COO and CFO and CEO of the iHeartMedia Multi Platform Group.
The company will be making this transition over the next few weeks, it said.