Cox Pres./CEO Jimmy Hayes To Retire, John Dyer Succeeds Him
CMG Pres Douglas Franklin Upped To EVP/CFO, Bill Hoffman Upped To CMG Pres.
April 23, 2013 at 11:06 AM (PT)
COX ENTERPRISES, INC.announced that Pres./CEO JIMMY W. HAYES will retire from the company in APRIL, 2014, as part of the company’s long-term, succession plan. He has been with company for 33 years.
Effective MAY 1st, JOHN M. DYER will be named COO of COX ENTERPRISES and will succeed HAYES as Pres./CEO upon HAYES’ retirement next year. Also, COX MEDIA GROUP Pres. DOUGLAS E. FRANKLIN will succeed DYER to become EVP/CFO, and CMG EVP BILL HOFFMAN will succeed FRANKLIN as President.
"JIMMY HAYES has led an impressive career at COX, and I consider it a privilege having worked alongside him for so many years," COX ENTERPRISES Chairman JIM KENNEDY said. "I thank JIMMY for his loyalty and service to COX, and am delighted to work with him over the next 12 months to carefully and thoughtfully transition Cox’s next senior leadership team."
"JOHN DYER is a seasoned COX leader with deep and rich experience in both finance and operations," he continued. "His commitment to the COX culture, coupled with his pursuit of excellence makes him the perfect choice to succeed JIMMY. I look forward to working closely with JOHN as we continue to invest in opportunities to grow our portfolio of businesses."
"DOUG FRANKLIN has spent his entire career with COX and will make a great addition to the COX ENTERPRISES senior leadership team," KENNEDY said. "His extensive experience in both finance and operations is the ideal background for this role, and the skills he’s honed for the past three decades will serve him well as he makes his transition."
"BILL HOFFMAN is a talented, senior executive who will provide strong leadership, continuity and direction at COX MEDIA GROUP," he added. "His innate understanding of the integration of broadcast, print and digital media will help ensure COX outlets maintain their enviable rankings in a highly-competitive media landscape."