Norman Pattiz Retires From Westwood One Board, Mark Stone Becomes Chairman
Company Founder Will Continue In A Consulting Role
August 30, 2010 at 6:26 AM (PT)
WESTWOOD ONE Founder NORMAN J. PATTIZ, is retiring from the Board as Chairman Emeritus, and has signed a new contract as a Consultant to the Company. He will be succeeded as Chairman by GORES GROUP Sr. Managing Dir. MARK STONE. In his consulting role, PATTIZ will work closely with STONE and the Company’s senior management.
"As Chairman, my mandate is to drive customer-oriented initiatives that will further strengthen WESTWOOD ONE’s leading market position," said STONE. "We are fortunate to have NORM’s continuing expertise as we build the Company’s future."
"I’ve been sitting in the same seat for over 30 years, and will continue to do so as a Consultant to the Company," said PATTIZ. "I am, however, relinquishing my seat at the Board table. This allows me to play an active role at the Company I founded, working with people that I admire and respect, while continuing the other activities that are very important to me."
PATTIZ serves as Chairman of the DEPARTMENT OF ENERGY’S LOS ALAMOS AND LAURENCE LIVERMORE NATIONAL SECURITY LABORATORIES, and as a Regent of the UNIVERSITY OF CALIFORNIA. In 2009, PATTIZ was inducted into the NATIONAL RADIO HALL OF FAME, and received a "Giants of Broadcasting" Award, from the LIBRARY OF AMERICAN BROADCASTING.
"NORM’s programming experience, extensive contacts, and customer focused insights are extremely valuable to the Company, and I look forward to continuing our partnership," said Company Pres. ROD SHERWOOD.