Frank Lopez-Balboa Named CFO Of Univision
May 8, 2015 at 4:01 AM (PT)
Former GOLDMAN SACHS Managing Dir./Head of Telecom, Media and Technology Investment Grade Financing FRANCISCO J. (FRANK) LOPEZ-BALBOA has been named CFO at UNIVISION COMMUNICATIONS INC. He will be based in NEW YORK and report to Pres./CEO RANDY FALCO. Interim CFO PETER H. LORI will continue as EVP/Finance and Chief Accounting Officer and adds Deputy CFO duties, reporting to LOPEZ-BALBOA.
FALCO said, “FRANK is a seasoned executive with the ideal combination of keen strategic thinking, media expertise and exceptional financial skills. Over the course of his career, he has played a role in many of the most transformative transactions within our industry and has a deep understanding of our business and the media landscape as a whole. He shares our vision of building a multiplatform media company, and has an acute appreciation for the important role we play in the Hispanic community, our strong positioning among our peers, and the distinct value proposition we bring to our clients. FRANK has the right strategic and financial skillset to help us achieve our goals, and I am confident he will contribute significantly to our continued growth as the leader in Hispanic media.”
“This is an extraordinary time to be joining UNIVISION and I am honored to take on this important role in one of AMERICA’s leading media businesses,” said LOPEZ-BALBOA. “I have long admired UNIVISION’s strong performance and unique growth story, and look forward to working with the Board, RANDY, PETE and the rest of the management and finance teams, to ensure we are best-positioned for future success.”