Hobson – Sr. VP & Chief Strategic Officer.
May 24, 2004
Univision Communications Inc. announced that Andrew W. Hobson has been promoted to Senior Executive Vice President and Chief Strategic Officer.
In this role, Hobson will be principally responsible for leading the Company’s long-term strategic direction and planning efforts across its four business units: Television, Radio, Music and Internet. He will continue to supervise business development for the Company, including identifying and facilitating acquisition opportunities, business and technology investments, and other growth initiatives in order to further enhance shareholder value.
“Andy Hobson has been a valuable part of Univision’s management team since we acquired the television business in 1992, and he has played a notable role in our tremendous success and growth, spearheading our acquisitions and financings and coordinating our stockholder relations, among other duties,” said A. Jerrold Perenchio, Chairman and Chief Executive Officer of Univision Communications Inc. “With the recent appointment of Jeff Hinson as Chief Financial Officer, it seemed an appropriate time to ask Andy to refocus his attention and to concentrate on forward-looking strategic and planning matters. Andy is the consummate media executive who brings to this new expanded role a unique blend of operational expertise and financial acumen. He has an unparalleled understanding of the marketplace as well as of Univision, and there is no doubt in my mind that he will continue to make a major contribution to the growth of Univision going forward.”
“I am honored to have been able to participate in the progress Univision has made in the last 12 years under the guidance of a superb management team led by Jerry Perenchio, and I am extremely pleased to be given the opportunity to expand my role with the Company,” said Hobson. “Univision is in a uniquely strong position, with terrific success in the past and enormous potential for the future, and I look forward to contributing to Univision’s continuous growth.”
Mr. Hobson has been an Executive Vice President of Univision Communications Inc. since 1993. From 1990 through 1993, he was a Principal at Chartwell Partners, Univision’s controlling shareholder. Prior to joining Chartwell, Mr. Hobson was a Vice President in the investment banking group of Bankers Trust Co., where he was employed from 1984 to 1990.