iHeartMedia Unveils Post-Chapter 11 Board
• iHeartMedia just announced the members selected to serve on its Board of Directors upon its emergence from Chapter 11. Subject to confirmation of the Company’s Plan of Reorganization, the post-emergence Board will consist of the following Directors, all of whom possess highly relevant knowledge and experience critical to positioning the company for future success:
> Bob Pittman, Chairman of the Board of Directors: Pittman is the current CEO and Board Chairman of iHeartMedia.
> Jay Rasulo, Lead Independent Director: Rasulo was an executive at The Walt Disney Company from 1986 through 2015, the last five years as CFO & Senior Executive Vice President.
> Gary Barber: Barber served as the Chairman & CEO of Metro-Goldwyn-Mayer Inc. (MGM) from 2010 through March 2018.
> Rich Bressler: Current President, COO and CFO of iHeartMedia.
> Brad Gerstner: Founder and CEO of Altimeter Capital.
> Sean Mahoney: A private investor who currently serves as a director at two public companies, Aptiv plc and Arconic Inc., and at post-bankruptcy Lehman Brothers Holdings, Inc.
> Kamakshi Sivaramakrishnan: Founder and CEO of Drawbridge.
“We are excited about both the depth and range of our new Board members,” said Pittman. “We know our ability to draw on the experience of this unique combination of leaders in their respective fields will give us an unparalleled competitive advantage as we build our next level of growth.” iHeartMedia’s current Board of Directors will remain in place until the company emerges from Chapter 11, at which time the new Board will assume its responsibilities.
