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Saturday, February 21, 2015

Univision CFO Hobson Resigns


Andy Hobson, Univision Communications CFO and senior executive VP has resigned. Executive VP Finance and Chief Accounting Officer Peter H. Lori will serve as the interim CFO while Univision searches for a permanent replacement. The reason for Hobson's departure was not addressed in the press release announcing his exit.

Randy Falco, president and CEO of Univision Communications noted on the resignation, "We thank Andy for his numerous contributions to the company over many years. I am pleased that we have a first-class financial team in place and I am confident Univision is in a strong position, financially and operationally, and has a great future ahead."

Last week, Hobson told the media that a Univision IPO would probably happen, "in the next 12-18 months." Univision has been privately held since a $12 billion buyout in 2007.

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