Cumulus Media Executive VP/CFO John Abbot to Exit in March

RADIO ONLINE | Thursday, January 9, 2020 | 4:51pm CT

John Abbot

Cumulus Media Executive VP and Chief Financial Officer John Abbot will leave the company at the beginning of March after it reports its full-year 2019 financial results. Cumulus Media is now conducting a search for his successor. Abbot joined the company in July, 2016 in as Executive VP/Treasurer and CFO replacing Senior VP/Treasurer and CFO Joseph P. Hannan. He previously served as the Executive VP/Finance and CFO of Telx Holdings Inc. from January, 2014 until December, 2015. Prior to that, he was Executive VP/CFO of Insight Communications, a cable television provider.

President/CEO Mary G. Berner said, "On behalf of the board and the entire company, I would like to thank John for his many contributions to Cumulus and for the strong finance and accounting organization he has helped build. After nearly four years of commuting to Atlanta from Connecticut, it's understandable that John has decided to pursue new opportunities at a company based closer to his home. We appreciate his continued support through the transition and wish him all the best in his future endeavors."

Berner continued, "Business will continue as usual at Cumulus with our focus remaining on the execution of our key strategic initiatives - enhancing operational performance, growing our digital businesses, and optimizing our asset portfolio - while making progress on our financial goals for the benefit of all of our stakeholders."

"It has been a privilege and tremendously rewarding to work with Mary and the rest of the Cumulus team, and I am truly proud of our many accomplishments over these past several years," said Abbot. "I am confident in the Company's ongoing ability to achieve its objectives, and I look forward to following Cumulus's continued success in the years ahead."