Cumulus Names Abbot as CFO
He was executive vice president and chief financial officer of Telx Holdings Inc.
June 24, 2016
|ATLANTA— John F. Abbot will join Cumulus as executive vice president, treasurer and chief financial officer, effective July 1. He was executive vice president and chief financial officer of Telx Holdings Inc.
In his new role, Abbot will be responsible for finance, treasury, accounting, tax, engineering, purchasing, real estate, IT and systems.
Abbot succeeds Joseph “J.P.” Hannan. The company said he resigned his position after six years in order to pursue other interests. Hannan will assist the company for several months to ensure a smooth transition, it said.
Abbot brings financial and operations management experience; the company highlighted his “strategic success” in capital market transactions, mergers, acquisitions and integration campaigns.
President/CEO Mary Berner said the move is part of the effort “to accelerate the progress we have made in the company’s multi-year turnaround.”
Abbot was quoted as saying he has an “appreciation for the headway that has already been made around the company’s four key strategies as well as a keen understanding of the challenges and opportunities that lie ahead.”
A version of this article originally appeared on the website of Radio World, sister publication of Radio magazine.