Univision puts IPO on hold, replaces CFP
Juan Fernandez Gonzalez
| 08 March 2018

US Hispanic media company Univision has requested the withdrawal of its initial public offering (IPO) proposal.

According to Univision Holdings Inc, the move is due to current market conditions. The media company has requested the withdrawal of its Form S-1 on file with the US Securities and Exchange Commission (SEC), which has not yet declared the registration statement effective.

At the same time as halting this important strategic move Univision has named with immediate effect the appointment of Peter H Lori as chief financial officer, replacing Francisco J Lopez-Balboa, who joined the company in 2015 to lead the IPO.

“I would like to thank Frank for his tremendous contributions to Univision since joining in 2015, during which he led a strong and capable finance and accounting organisation in addition to managing our relationships with many of our external stakeholders,” said Randy Falco, president and CEO.

Having served as EVP finance, chief accounting officer and deputy chief financial officer for Univision, Lori will now be promoted to CFO.

“Pete has been a critical member of our senior finance team for the last 13 years and has the right combination of corporate finance and accounting expertise, clear leadership skills and deep knowledge of our company to drive financial growth at UCI,” added Falco.