Audacy President/CEO David Field is stepping down with Audacy board member Kelli Turner named interim President/CEO.
Field will continue to serve as Special Advisor to the CEO and Board.
Audacy Chairman of the Board Michael Del Nin said, “David has left an indelible mark on the industry, growing Audacy from a few small radio stations into a scaled multi-platform audio content and entertainment powerhouse. He has built a great company with leading positions across the country’s largest markets and an outstanding portfolio of exclusive, premium audio content. Under David’s dedicated leadership, Audacy has been positioned for long-term success, and we look forward to working with Kelli and the entire team as the company begins its next exciting chapter.”
Field commented, “Since I joined Audacy, then Entercom, we have grown from $10 million in revenues with ten niche radio stations into a $1.2 billion, multi-platform audio leader with one of the country’s two scaled radio broadcast groups, one of the largest podcast networks and the unrivaled top position in sports audio. Audacy recently completed a very successful 2024, delivering industry-leading EBITDA growth of more than 70% through the third quarter and significant revenue share gains across our radio and digital businesses. With the company in a strong competitive and financial position, now is the optimal time to pass the baton to new leadership. I am deeply proud of our extraordinary team and everything we have accomplished for our listeners, customers, partners, and communities. The company is in great hands, and I look forward to seeing the next chapter of Audacy’s success.”
Turner has served on the Board of Audacy since September 2024. She most recently was Managing Director and Chief Financial Officer of private investment firm Sun Capital Partners and was previously President/COO of music licensing and rights management company SESAC while holding executive roles at companies including RSL Group, Martha Stewart Living, Time Warner, Allen & Company, and Citigroup. Turner has also served on the boards of advertising and music technology companies including DoubleVerify, Downtown Music Holdings, and Central European Media Enterprises Ltd.
This story first appeared on radioinsight.com