MCLEAN, Va.--(BUSINESS WIRE)--Feb. 22, 2018--
TEGNA Inc. (NYSE: TGNA) today announced that Howard D. Elias has been
elected as non-executive chairman of the board. Elias will replace
Marjorie Magner who is retiring after serving as a director of the
company since 2006 and as chairman since 2011. Elias will assume the
chairman role immediately following the company’s 2018 Annual Meeting of
Shareholders on April 26.
The company also announced today that Stuart J. Epstein, most recently
co-managing partner at Evolution Media and former executive vice
president and chief financial officer of NBCUniversal, has been elected
to TEGNA’s Board of Directors, effective immediately.
“It has been an honor to serve as chairman and help lead TEGNA through
some of the most significant and transformative years in the company’s
history,” said Magner. “I am proud of all that we accomplished and the
impact we continue to make in the communities we serve. I know the
company is in good hands with Howard, Dave, the rest of the Board and
our dedicated and innovative employees working to move TEGNA forward.”
“Marge truly loves TEGNA and our company would not be where we are today
without her many years of leadership, vision and unwavering commitment.
She became chairman during a very challenging time in our industry and
helped lead an impressive transformation, creating the TEGNA of today. I
want to thank Marge for everything she has done for our company and for
the faith she placed in me as CEO. Her guidance and support have been
invaluable to me since becoming CEO. I wish her a healthy and happy
retirement,” said Dave Lougee, president and CEO, TEGNA. “I look forward
to working with Howard as we embark on this next chapter together. We
will continue to serve TEGNA’s communities while creating value for
shareholders and our audiences.”
Elias currently serves as president of Dell Services, Digital and IT. He
oversees technology and deployment services, consulting services, global
support services, education services, global Centers of Excellence, the
IT organization, Dell Commerce Services, and Virtustream. Previously,
Elias was president and chief operating officer, EMC Global Enterprise
Services, responsible for setting the strategy, driving execution and
creating best practices for services that enabled customers' digital
transformation and data center modernization. Elias has served on
TEGNA’s Board of Directors since 2008 and currently is chair of the
executive compensation committee.
“For the past six years, I have seen up close the immeasurable impact
Marge has had on our company. She has been invaluable throughout TEGNA’s
transformation and has always done what’s best for our employees,
customers and communities. I know I have big shoes to fill. I want to
thank Marge for her many years of outstanding service to TEGNA and wish
her well,” said Elias. “I am honored to build on Marge’s legacy and look
forward to working with Dave and his leadership team, our Board and
employees to serve our customers, shareholders and the greater good of
Epstein most recently served as co-managing partner at Evolution Media,
the merchant bank of Creative Artists Agency (CAA). Previously, Epstein
was executive vice president and chief financial officer of
NBCUniversal, where he oversaw the company’s financial planning and
operations, strategic business initiatives, and real estate efforts. He
also spent 23 years at Morgan Stanley, where he was managing director
and global head of the Media & Communications Group and a member of the
management committee of the Investment Banking Division.
Epstein received his BS from the Wharton School of Business at the
University of Pennsylvania, and his MBA from the Graduate School of
Business at Stanford University.
“Stuart’s combination of media, technology and financial experience will
help TEGNA successfully navigate the opportunities that lie ahead.
Stuart is well-known and well-liked within the financial community and
his counsel and expertise will help ensure TEGNA is innovating,
transforming and creating value for shareholders,” said Magner.
“Stuart knows our industry well and has extensive transaction and
strategic experience at a large media company. As TEGNA continues to
examine strategic opportunities for organic and inorganic growth, Stuart
will be an important voice helping guide our company forward,” said
With Epstein’s election, TEGNA has 12 directors.
TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the
greater good of our communities. With 47 television stations and two
radio stations in 39 markets, TEGNA delivers relevant content and
information to consumers across platforms. It is the largest owner of
top 4 affiliates in the top 25 markets, reaching approximately one-third
of all television households nationwide. Each month, TEGNA reaches 50
million adults on-air and approximately 35 million across its digital
platforms. TEGNA has been consistently honored with the industry’s top
awards, including Edward R. Murrow, George Polk, Alfred I. DuPont and
Emmy Awards. TEGNA delivers results for advertisers through unparalleled
and innovative solutions including OTT local advertising network Premion,
centralized marketing resource Hatch, and G/O
Digital, a one-stop shop for local businesses to connect with
consumers through digital marketing. Across platforms, TEGNA tells
empowering stories, conducts impactful investigations and delivers
innovative marketing solutions. For more information, visit www.TEGNA.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180222006250/en/
Source: TEGNA Inc.
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investor inquiries, contact:
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President, Investor Relations