---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-231611"
form_type: "8-K"
ticker: "CCO"
cik: "0001334978"
company_name: "Clear Channel Outdoor Holdings, Inc."
filed_at: "2021-07-30T23:59:59+00:00"
generated_at: "2026-06-30T00:17:47.086600+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-21-231611
- form_type: 8-K
- ticker: CCO
- cik: 0001334978
- company_name: Clear Channel Outdoor Holdings, Inc.
- filed_at: 2021-07-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1334978/000119312521231611/0001193125-21-231611-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1334978/000119312521231611/d210495d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-231611
- JSON: https://secwatch.observer/filing/0001193125-21-231611.json
- Plain text: https://secwatch.observer/filing/0001193125-21-231611.txt

## Key facts
- Executive change
  Scott Wells was appointed as member of the Board at Clear Channel Outdoor Holdings, Inc..
  - Action: appointed
  - Role: member of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000119312521231611/0001193125-21-231611-index.htm
- Executive change
  C. William Eccleshare changed role as Executive Vice Chairman at Clear Channel Outdoor Holdings, Inc..
  - Action: step down
  - Role: Executive Vice Chairman
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000119312521231611/0001193125-21-231611-index.htm
- Executive change
  Scott Wells was appointed as President and Chief Executive Officer at Clear Channel Outdoor Holdings, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000119312521231611/0001193125-21-231611-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.