Strengthens Board with the Appointment of New Independent Director with Advertising Experience and Expands the Board to 11 Directors SAN ANTONIO , Sept. 30, 2024 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO ) (the "Company") today announced the appointment of Tim Jones to its Board of Directors (the "Board"), effective immediately.
Mr. Jones will serve as an independent director and will be a member of the Audit Committee and the Compensation Committee of the Board. With this appointment, the Board expands to eleven members, ten of whom are independent.
"As a seasoned business leader with significant advertising and digital marketing experience, Tim will be a great addition to the Board," said W. Benjamin Moreland , Chairman of the Board. "His proven track record in strategy and management are a great fit for the Company as we continue to execute on delivering on our strategic roadmap, including monetizing our technology and broadening our revenue streams in our higher-margin U.
S. assets. His appointment will enhance the composition of our Board, and we expect to benefit from his perspective, industry experience and leadership skills.
On behalf of the whole Board, we welcome Tim and look forward to his insights and contributions." "I am honored to join the Board of Clear Channel Outdoor," said Mr. Jones.
"I look forward to working alongside my fellow directors and bringing my experience to advance the Company's strategy." Tim Jones has over three decades of.