Dhruv Prasad Exiting Townsquare Media
It was concurrently announced that Bill Wilson (right) would transition from his position as Co-Chief Executive Officer to serve as the sole Chief Executive Officer of the Company. “I want to thank Dhruv for his contributions to Townsquare over his longstanding tenure, and in particular, his partnership over the past year as Co-CEO,” Wilson said. “Together, we were able to reorient Townsquare to focus on our ‘Local First’ strategy, and successfully rationalize our non-local businesses. I look forward to continuing this strategy, which has driven strong local growth in 2018, particularly within our digital businesses, and solidified our position as the premier local advertising and marketing solutions company in the heartland of America.”
Prasad commented, “I am incredibly proud of what we have accomplished since founding Townsquare in 2010. From scratch, we created not only the nation’s third-largest radio broadcaster, but also built new, profitable businesses in live events and digital. With the Company on strong footing and in the hands of an outstanding senior management team, it’s time for me to move on to my next challenge.”
Wilson, Co-Founder/CFO Stuart Rosenstein and Claire Yenicay, EVP, Investor Relations and Corporate Communications, will assume the management responsibilities Prasad held over the past year.