CBS Outdoor International Announces Management Changes
CBS Outdoor International, a leading Out-of-Home advertising company, has announced that Antonio Alonso, President & CEO of CBS Outdoor International, has decided to leave the company.
The departure follows the completion of the acquisition of CBS Outdoor International by Platinum Equity, a leading private equity firm.
Antonio Alonso said: “Since becoming CEO in 2009 we have transformed the business and I have enjoyed every minute of the journey. With the completion of the sale, the start of the next phase under new ownership feels like a natural break for me to hand over to a new management team who can continue the great work.”
“I am enormously proud of the colleagues I have worked with and all that we achieved together, and would like to thank our clients and franchise partners for all their invaluable support.”
Pending the appointment of a new CEO, the executive team will be led by Leon Taviansky, acting Chief Operating and Financial Officer.
Leon Taviansky said: “We will continue to build the business around helping advertisers to engage the all-important audiences that they want to reach through some of the world’s leading and iconic Out-of-Home advertising estates such as the London Underground in the UK, and through our innovations in digital and interactive solutions across our markets.”
Under the new ownership, Platinum Equity brings complementary expertise which is expected to deliver large scale operational and transformational change. This will enable CBS Outdoor International to accelerate the development of the existing portfolio, continue to innovate in the dynamic out-of-home market and expand its digital and interactive propositions.
Bastian Lueken, head of Platinum Equity’s European investment team, said: “On behalf of CBS Outdoor International, we thank Antonio for all that he has done to build the business and ensure the smooth transition to new ownership. We wish him all the best for future projects.”