Univision Communications has announced that Vincent Sadusky will be its next chief executive officer, taking over the Hispanic media giant as it grapples with difficult times.
Sadusky is a veteran of the Hispanic-media world, having previously worked for Telemundo, Univision’s main rival. “Vince is distinctly qualified to lead UCI through the next phase of its growth, given his impressive track record of leadership, vision, deep industry experience and relationships,” Haim Saban, chairman of Univision’s board of directors. “This is a unique moment for UCI, and we believe that we have the right strategy and team in place to execute on the opportunities in front of us. On behalf of the entire Board, we look forward to working with Vince to achieve great success for UCI.”
Sadusky will takeover from Randy Falco, who announced in March that he plans to retire by the end of the year. Falco’s announcement came as a surprise because the Univision board had just renewed his contract through 2020 a few months earlier.
“I know it was only a few months after I signed a new two-year deal, but I felt that at age 65 I wanted to end my time as CEO earlier than planned,” he said at the time. Falco will stay as an adviser to Univision through the end of the year.