Clear Channel Outdoor CEO Eccleshare stepping down; Scott Wells to become CEO Jan 1, 2022

Clear Channel Outdoor Holdings, Inc.

CEO Eccleshare will step down Dec 31, 2021; becomes Executive Vice Chairman through 2022, then resigns from board.
Scott Wells, currently EVP/CEO Americas, named President and CEO effective Jan 1, 2022, and appointed to board.
Eccleshare receives reduced base salary of $625k, bonus target 110%, no equity grants in 2022, and $2.875M termination payment upon resignation.
Wells gets base salary $1.1M, bonus target 110%, annual equity grant min $2M, plus $1M RSU grant vesting over 3 years.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Scott Wells

member of the Board

CCO · Clear Channel Outdoor Holdings, Inc.

Effective: 2022-01-01
Filed: July 30, 2021, 7:59 PM ET

The Company also announced that Scott Wells, currently the Executive Vice President, Chief Executive Officer of the Americas Division of the Company, age 53, will assume the role of President and Chief Executive Officer of the Company as of January 1, 2022, and will be appointed as a member of the Board.

Role change

C. William Eccleshare

Executive Vice Chairman

CCO · Clear Channel Outdoor Holdings, Inc.

Effective: 2022-01-01
Successor: Scott Wells
Filed: July 30, 2021, 7:59 PM ET

C. William Eccleshare, President and Chief Executive Officer and member of the Board of Directors of the Company (the “Board”), plans to step down from the position of President and Chief Executive Office effective as of December 31, 2021, and is expected to assume the role of Executive Vice Chairman and remain a member of the Board until December 31, 2022.

Appointed

Scott Wells

President and Chief Executive Officer

CCO · Clear Channel Outdoor Holdings, Inc.

Effective: 2022-01-01
Filed: July 30, 2021, 7:59 PM ET

The Company also announced that Scott Wells, currently the Executive Vice President, Chief Executive Officer of the Americas Division of the Company, age 53, will assume the role of President and Chief Executive Officer of the Company as of January 1, 2022, and will be appointed as a member of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Wells was appointed as member of the Board at Clear Channel Outdoor Holdings, Inc..

Action: appointed
Role: member of the Board

Exact text from the filing

The Company also announced that Scott Wells, currently the Executive Vice President, Chief Executive Officer of the Americas Division of the Company, age 53, will assume the role of President and Chief Executive Officer of the Company as of January 1, 2022, and will be appointed as a member of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

C. William Eccleshare changed role as Executive Vice Chairman at Clear Channel Outdoor Holdings, Inc..

Action: step down
Role: Executive Vice Chairman

Exact text from the filing

C. William Eccleshare, President and Chief Executive Officer and member of the Board of Directors of the Company (the “Board”), plans to step down from the position of President and Chief Executive Office effective as of December 31, 2021, and is expected to assume the role of Executive Vice Chairman and remain a member of the Board until December 31, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Wells was appointed as President and Chief Executive Officer at Clear Channel Outdoor Holdings, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

The Company also announced that Scott Wells, currently the Executive Vice President, Chief Executive Officer of the Americas Division of the Company, age 53, will assume the role of President and Chief Executive Officer of the Company as of January 1, 2022, and will be appointed as a member of the Board.

View on SEC.gov

Clear Channel Outdoor Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-21-231611

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