David Field, the long-time CEO of Audacy, announced his resignation, marking the end of an era for the audio giant. He will be succeeded by Kelli Turner on an interim basis while the company searches for a permanent leader. Field leaves behind a legacy of growth and transformation, having guided Audacy through a period of significant change in the media landscape.
David Field , CEO and President of Audacy , announced his resignation effective Wednesday. Field, who led the company since 2002, will be succeeded by Kelli Turner , a current board member, on an interim basis while Audacy searches for a permanent replacement. Field played a pivotal role in transforming Audacy from a small radio company into a multi-platform audio powerhouse, overseeing its evolution from Entercom to a company encompassing radio broadcasting , podcasting, and streaming audio .
During his tenure, Audacy navigated the changing media landscape, pivoting from linear radio to embrace digital platforms. The company faced financial challenges, filing for bankruptcy last January, but emerged from restructuring with a strong balance sheet and industry-leading growth in EBITDA. Field expressed pride in Audacy's achievements, highlighting its impressive reach of 44 million monthly podcast listeners and 165 million broadcast listeners. He emphasized the company's resilience and ability to adapt to evolving consumer habits.As Audacy transitions to a private company after previously trading on the New York Stock Exchange, Field will transition to a special advisor role, offering guidance to the CEO and board. Turner, an experienced financial executive with a background at Sun Capital Partners, brings valuable expertise to the leadership transition. Field acknowledged the challenging times faced by the media industry but expressed confidence in Audacy's future, stating that it is now in a strong position for continued growth and innovation
AUDACY CEO David Field Resignation Kelli Turner Interim CEO Media Industry Podcasting Streaming Audio Radio Broadcasting
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