Statement from Haim Saban, Chairman of the Board, and the Board of Directors of Univision Communications Inc.

By UCI PR Team

Mar 8, 2018

“There are multiple rumors out there and on behalf of the Univision Board I would like to set the record straight about our CEO Randy Falco. Recently Randy came to us and told us that he would like to retire at the end of 2018 when he will turn 65 years old and end an outstanding 8-year tenure as the CEO of Univision. Let me be clear we at the Board of Univision have reluctantly agreed to Randy’s wishes out of respect and the high regard we have for him as a partner. During his time as CEO he has modernized the Univision organization, grown earnings and reduced debt at record levels and we could not be more pleased with his performance. We have asked Randy to work with us over the next year in restructuring the company and consult with the board on a transition to new leadership.”


Declaraciones de Haim Saban, presidente de la Junta Directiva, y de los miembros de la Junta Directiva de Univision sobre Randy Falco.

“Circulan muchos rumores en este momento y, en nombre de la junta directiva de Univision, deseo aclarar ciertos puntos sobre nuestro director ejecutivo Randy Falco. Randy nos dijo recientemente que le gustaría jubilarse a fines del 2018 cuando cumpla 65 años de edad para culminar así el excelente periodo de ocho años que lleva como director ejecutivo de Univision. Quiero ser claro: muy a nuestro pesar, la junta directiva de Univision aceptó los deseos de Randy, debido al respeto y la alta estima que le tenemos como aliado. Durante el tiempo que lleva como director ejecutivo, ha modernizado la estructura de Univision, ha conseguido aumentar las ganancias y ha logrado una reducción récord de la deuda. No podríamos estar más satisfechos con su desempeño. Le hemos pedido a Randy que colabore con nosotros durante el próximo año en la restructuración de la compañía y que, en consultas con el directorio, realice la transición en la dirección.”

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