In a significant executive reshuffle, Entravision (NYSE:EVC) Communications Corp. (NYSE:EVC) announced the immediate termination of its Chief Financial Officer, Christopher T. Young, and Chief Strategy and Business Development Officer, Juan Saldívar von Wuthenau, today. The company stated that both executives would be eligible for certain remuneration and benefits aligned with a "termination of a Group II executive without cause" as defined in the company's Executive Severance and Change in Control Plan, which was detailed in an SEC filing on May 17, 2023.
Entravision has moved swiftly to fill the vacancy left by Young, appointing Mark Boelke as the new Chief Financial Officer and Treasurer, effective immediately. Boelke has been with the company since 2005, previously holding the position of General Counsel and Secretary since 2006. His prior experience includes working as an attorney at O’Melveny & Myers LLP. Boelke brings a strong legal background to his new role, having earned a law degree from the University of Minnesota Law School and a Bachelor of Arts from St. Olaf College.
The company has not publicly disclosed the reasons behind the sudden departures of Young and Saldívar. Entravision Communications, which operates in the media space, has not made any additional statements regarding the changes or the strategic direction post these executive movements.
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