Lopez-Balboa named CFO of Univision Communications Inc.

Univision Communications Inc. (UCI) announced that Francisco (Frank) J. Lopez-Balboa has been named chief financial officer, effective immediately. Lopez-Balboa will be based in New York and report to Randy Falco, president and CEO, Univision Communications Inc. Peter H. Lori, who has served as Interim CFO since February, will continue as executive vice president of finance and chief accounting officer, and has also been named deputy CFO, reporting to Lopez-Balboa.
                               
Lopez-Balboa has broad experience as a global financial executive with specific strengths in the media industry. Most recently, Lopez-Balboa served as a Managing Director and Head of Telecom, Media and Technology Investment Grade Financing at Goldman, Sachs & Co.
 
Randy Falco, president & CEO of Univision Communications Inc., said, “Frank is a seasoned executive with the ideal combination of keen strategic thinking, media expertise and exceptional financial skills. Over the course of his career, he has played a role in many of the most transformative transactions within our industry and has a deep understanding of our business and the media landscape as a whole. He shares our vision of building a multiplatform media company, and has an acute appreciation for the important role we play in the Hispanic community, our strong positioning among our peers, and the distinct value proposition we bring to our clients. Frank has the right strategic and financial skillset to help us achieve our goals, and I am confident he will contribute significantly to our continued growth as the leader in Hispanic media.”
 
“This is an extraordinary time to be joining Univision and I am honored to take on this important role in one of America’s leading media businesses,” said Lopez-Balboa. “I have long admired Univision’s strong performance and unique growth story, and look forward to working with the Board, Randy, Pete and the rest of the management and finance teams, to ensure we are best-positioned for future success.”
 
Over the course of his career, Lopez-Balboa has advised on and executed in excess of $200 billion in financing transactions involving acquisitions, divestitures, joint ventures, risk management, return of capital, restructuring and debt and equity assignments. While at Goldman Sachs, in addition to leading his group, Lopez-Balboa served on the Investment Banking Division’s Credit Markets Capital Committee. From 1991 until 1997, he ran Goldman Sachs’ debt capital markets efforts across multiple industries in the Midwest and West Coast regions including Industrial, Retail, Automotive and Telecom companies. Prior to joining Goldman Sachs in 1991, he was a Director in the Capital Markets Group at Merrill, Lynch & Co.