John Hayes To Exit As Corus President
July 16, 2008 at 8:29 AM (PT)
CORUS ENTERTAINMENT announced TODAY that JOHN HAYES will step down as President of CORUS RADIO at the end of the Company's fiscal year (AUGUST 31st, 2008). HAYES joined CORUS in 2001.
"With a focus on training and development, building deep customer relationships, and working to imbed each radio station into the local fabric of a community, JOHN spearheaded the growth of our radio division and established CORUS RADIO as an industry leader in terms of reach, revenues and ratings," said Pres./CEO JOHN CASSADAY. "We thank JOHN for his tremendous contribution to CORUS ENTERTAINMENT. His passion for the radio business and dedication to his team will be missed."
Added HAYES, "Our Company's long-term strategic plan was presented to our Board of Directors on JULY 8th and 9th. As I worked with the team on formulating the long-term strategy for the radio division, I naturally began to think of my own future. As we discussed my commitment to remain at CORUS long enough to see these plans through, it became clear to me that at this stage of my life I was not able to make that commitment. My tenure as President of CORUS RADIO is the longest time I have spent in any role in my career. I have cherished my seven years with the Company, but I am an entrepreneur at heart and the time is right for me to move on."