Townsquare Media has announced the promotion of Bill Wilson and Dhruv Prasad to co-chief executive officers, reporting to the board of directors, effective today. Steven Price (pictured), Townsquare’s founder and current CEO, will transition to a new role of executive chairman of the board. In addition, Erik Hellum has been appointed to the
role of COO/local media.
“Appointing two of our longtime senior executives as co-chief executive officers will allow Townsquare to strengthen and solidify its management team while preserving continuity and stability,” said David Quick, a Townsquare board member since inception and managing director at Oaktree Capital Management, L.P. Townsquare’s principal shareholder. “Our board is pleased that Steven will continue to focus on the company’s overall strategic direction, and we are appreciative that Townsquare will continue to benefit from Steven’s counsel through his continued leadership of the board.” Price said, “I want to congratulate both Bill and Dhruv on this well-deserved appointment. I am confident that this team, along with the rest of our senior executives, will lead our organization superbly as we further strengthen our position in the marketplace,. I am eager to begin my new role as executive chairman and look forward to working with Bill and Dhruv to execute upon the company’s strategy.”
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