Dhruv Prasad To Exit Co-CEO Post At Townsquare Media

Prasad (Photo: LinkedIn)

TOWNSQUARE MEDIA Co-Founder and Co-CEO DHRUV PRASAD is exiting the company as of JANUARY 31st.  PRASAD co-founded TOWNSQUARE in 2010 and served as SVP/Strategy and Operations and EVP/Live Events before joining BILL WILSON as Co-CEO in 2017; WILSON will continue as solo CEO, and Co-Founder/CFO STUART ROSENSTEIN, EVP/Investor Relations and Corporate Communications CLAIRE YENICAY, and WILSON will assume PRASAD's duties.

“I want to thank DHRUV for his contributions to TOWNSQUARE over his longstanding tenure, and in particular, his partnership over the past year as Co-CEO. Together, we were able to reorient TOWNSQUARE to focus on our 'Local First' strategy, and successfully rationalize our non-local businesses,” said WILSON. “I look forward to continuing this strategy, which has driven strong local growth in 2018, particularly within our digital businesses, and solidified our position as the premier local advertising and marketing solutions company in the heartland of AMERICA.”

Co-Founder/Exec. Chairman STEVEN PRICE said, “We thank DHRUV for his hard work and contribution in building the Company over nearly a decade and for his leadership over the last year as Co-Chief Executive Officer, a period in which we reset our strategy on our core local mission and delivered financial results that were at the top of the industry. We wish him the very best as he embarks on his next chapter.”

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