Official: Univision Names Joe Uva CEO
February 27, 2007 at 12:02 PM (PT)
As ALL ACCESS reported earlier today, UNIVISION COMMUNICATIONS has now officially named OMD WORLDWIDE Pres./CEO JOE UVA its new CEO, effective APRIL 1. UVA replaces A. JERROLD PERENCHIO, who will step down when the company's sale to BROADCASTING MEDIA PARTNERS INC. (BMPI) -- an investor group including MADISON DEARBORN PARTNERS, PROVIDENCE EQUITY PARTNERS, TEXAS PACIFIC GROUP (TPG), THOMAS H. LEE PARTNERS, and SABAN CAPITAL GROUP -- is complete. PERENCHIO has been CEO since 1992.
UVA has spent five years in his current post. Before joining OMD in 2002, UVA spent 17 years at TURNER BROADCASTING SYSTEM and in 1996 was named Pres./Sales & Marketing for TURNER ENTERTAINMENT GROUP.
This is a company with tremendous strength that has fabulous growth opportunities.
BMPI said, "UNIVISION has enormous growth opportunities ahead of it, and we are very pleased that an executive with JOE UVA's broad media experience, leadership abilities, and entrepreneurial qualities will be driving our efforts to build value and take the company to the next level. JOE has a proven track record of achievement in a broad range of advertising-focused media businesses based on his effective strategy development, team building, sales skills, creative execution and new business expansion. While at OMD he structured the industry’s first billion-dollar cross-media buying contract and attracted a stable of new clients while solidifying a global network and working to establish best practices around the world. He previously played a key role in the growth and development of TURNER BROADCASTING over a 17-year period. We are delighted to welcome him to UNIVISION."
UVA said, "I am excited to have the opportunity to lead a premier company that has redefined the American media landscape and is so deeply embedded in the lives of its audience. This is a company with tremendous strength that has fabulous growth opportunities. Its relationships with its consumers are unparalleled in the media industry. I very much look forward to working with UNIVISION’s outstanding management team, programming and industry partners, and leaders in the Hispanic community to build on the company’s legacy of innovation and success. At the same time, it will be difficult to leave OMD, where I have had a very positive experience. OMD is a strong company with a deep management team that will move forward without missing a beat."