David Kennedy Named CEO/Vice Chairman At Interep
February 8, 2007 at 10:41 AM (PT)
INTEREP has tapped former SUSQUEHANNA Pres./CEO DAVID KENNEDY as CEO/Vice Chairman. KENNEDY will succeed former CEO RALPH GUILD, who will assume the role of INTEREP's non-executive Chairman.
KENNEDY will lead all of INTEREP's divisions, including the radio representation firms, the Hispanic television rep firm, INTEREP Interactive and related sales consultancies. In addition, he will guide the company's strategic direction, including identifying growth prospects and investment opportunities. GUILD will continue to chair the company's Board of Directors and will work with KENNEDY to assure that INTEREP's long-term debt is retired.
Out of all of the candidates, David Kennedy stood out in his vision for our company and his proven track record as a leader in the radio industry.
GUILD said, "As we announced several months ago, INTEREP has been searching for a new Chief Executive Officer to lead INTEREP's day-to-day operations and help redefine our strategic direction in a changing media world. During this search, we interviewed a broad spectrum of candidates from a variety of media disciplines. Without question, out of all of the candidates, DAVID KENNEDY stood out in his vision for our company and his proven track record as a leader in the radio industry. I could not be more delighted that he has accepted this new role with INTEREP."
KENNEDY said, "For most of my career in broadcasting, I have admired the work of RALPH GUILD as he and his outstanding people have advanced the interests of broadcasters and advertisers alike. SUSQUEHANNA was a client of INTEREP for over a decade, and during that time I was impressed by the quality and passion of INTEREP's sales force, the commitment of its management team, and the spirit of innovation that lives at the heart of the company."