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\n\tAudacy president\/CEO David Field<\/strong> is stepping down, with current Audacy board member Kelli Turner to serve as interim president\/CEO, effective immediately. <\/p>\n \n\tA search is underway for Field\u2019s permanent successor, the company said on Wednesday.<\/p>\n \n\tField has served as president of Audacy since 1998, and added CEO duties to his role in 2002. He will continue in a special advisor role to the CEO and board.<\/p>\n \n\tTurner has served on Audacy\u2019s board since September 2024, and most recently served as the chief financial officer of private investment firm Sun Capital Partners. Turner previously held the role of president\/chief operating officer at music licensing and rights management company SESAC, owned by Blackstone. Turner\u2019s career has also included executive and leadership roles at Martha Stewart Living, Time Warner and Citigroup.<\/p>\n \n\t\u201cDavid has left an indelible mark on the industry, growing Audacy from a few small radio stations into a scaled multi-platform audio content and entertainment powerhouse,\u201d Michael Del Nin<\/strong>, chairman of the board, said in a statement. \u201cHe has built a great company with leading positions across the country\u2019s largest markets and an outstanding portfolio of exclusive, premium audio content. Under David\u2019s dedicated leadership, Audacy has been positioned for long-term success, and we look forward to working with Kelli and the entire team as the company begins its next exciting chapter.\u201d<\/p>\n \n\t\u201cSince I joined Audacy, then Entercom, we have grown from $10 million in revenues with ten niche radio stations into a $1.2 billion, multi-platform audio leader with one of the country\u2019s two scaled radio broadcast groups, one of the largest podcast networks and the unrivaled top position in sports audio,\u201d Field said in a statement. \u201cAudacy recently completed a very successful 2024, delivering industry-leading EBITDA growth of more than 70% through the third quarter and significant revenue share gains across our radio and digital businesses. With the company in a strong competitive and financial position, now is the optimal time to pass the baton to new leadership. I am deeply proud of our extraordinary team and everything we have accomplished for our listeners, customers, partners, and communities. The company is in great hands, and I look forward to seeing the next chapter of Audacy\u2019s success.\u201d<\/p>\n \n\tNews of Field\u2019s departure as CEO comes after Audacy emerged from Chapter 11 bankruptcy<\/a> in September.<\/p>\n<\/div>\n<\/div>\n