A week after insiders leaked that Vincent Sadusky had been tapped to become Univision’s next CEO, the company today confirmed the hire.
Sadusky will effectively replace Randy Falco as the company’s top executive on Friday, June 1, 2018. He will also become a member of Univision’s Board of Directors.
Falco’s last day is May 31, putting an end to his leadership of Univision that began in 2011, and which was marked in recent years by an unsuccessful joint venture with ABC (Fusion), a failed attempt at an IPO, management reorganizations and company-wide layoffs.
The 53-year-old Sadusky has previously led broadcast media companies which underwent mergers and acquisitions. That experience may be what got him picked for the job and could point to a future strategy for Univision.
In a company-issued statement, Haim Saban, Chairman of the Board of Directors and one of the owners of the company who led a group of private equity investors in the $13.7 billion purchase of Univision Communications, Inc. in 2007, stated:
“Vince is distinctly qualified to lead UCI through the next phase of its growth, given his impressive track record of leadership, vision, deep industry experience and relationships. This is a unique moment for UCI, and we believe that we have the right strategy and team in place to execute on the opportunities in front of us.”
From 2014 to 2017 was President and CEO of Media General, acquired by Nexstar Broadcasting in 2016. He was previously President and CEO of LIN Media, where he helped oversee the company’s merger with Media General in 2014.
Sadusky spent 10 years at Telemundo from 1994 to 2004. During his tenure at the Spanish-language network, he held several executive positions, including Chief Financial Officer and Treasurer.