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iHeartMedia Names Graciela Monteagudo to Its Board of Directors

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iHeartMedia, Inc. (NASDAQ: IHRT) has appointed Graciela Monteagudo to its Board of Directors, effective immediately. Monteagudo brings over 30 years of experience from leading multinational corporations in consumer products, healthcare, and retail sectors. Previously serving as CEO of Lala U.S., her expertise spans strategic planning, digital marketing, and consumer engagement, particularly in Hispanic and Latin American markets. This move is expected to enhance the board's diversity and drive growth in iHeartMedia's business segments, benefiting both the company and its shareholders.

Positive
  • Graciela Monteagudo brings over 30 years of leadership experience from Fortune 500 companies.
  • Her background in digital marketing and e-commerce is expected to enhance strategic initiatives for iHeartMedia.
  • Her focus on diversity and inclusion aligns with current business trends, potentially attracting a broader audience.
Negative
  • Concerns may arise regarding continuity in company strategy with the introduction of a new board member.

iHeartMedia, Inc. (NASDAQ: IHRT), the leading audio company in America, today announced that it has named Graciela Monteagudo to its Board of Directors effective immediately.

Monteagudo, who most recently served as CEO and President of Lala U.S., a producer and distributor of dairy-based products focused on Hispanic/Millennial consumers, is an internationally-respected executive who, over her 30-year career, has held leadership roles at a variety of multinational Fortune 500 companies across the consumer products, healthcare and retail industries.

“We are extremely pleased that Graciela is bringing her expertise across strategic planning, digital marketing, mergers & acquisitions, international operations and the Hispanic and Latin American consumer audience, as well as her leadership in diversity, inclusion and cultural transformation, to the iHeart board,” said Bob Pittman, Chairman and CEO of iHeartMedia, Inc. “Her significant experience in North and Latin America -- and her extensive background in global/digital marketing, e-commerce and consumer goods will provide valuable insights to our Board as well as significant contributions to our company and our shareholders.”

Prior to Lala U.S., Monteagudo was President, Americas and Global Marketing for Mead Johnson Nutrition, after serving as the company’s VP and GM, Latin America and General Manager – Mexico. She also held various leadership roles at Walmart Mexico, including serving as SVP and Business Unit Head for Sam’s Club in Mexico.

Monteagudo currently serves on the boards of the WD-40 Company; ACCO Brands; Driscoll’s Berry Company; and The Juice Plus+ Company. She has been recognized as a Governance Fellow for the National Association of Corporate Directors (NACD) and an active participant in the Women Corporate Directors Association (WCD) and Latino Corporate Directors Association (LCDA). In addition, she was recognized by Hispanic Executive Magazine’s 2020 Best of the Boardroom; by Directors & Boards Magazine’s 2020 Directors to Watch; and by WomenInc. Magazine’s 2019 Most Influential Corporate Directors.

About iHeartMedia
iHeartMedia, Inc. [Nasdaq: IHRT] is the leading audio media company in America, reaching over 250 million people each month. It is number one in both broadcast and digital streaming radio as well as podcasting and audio ad tech, and includes three business segments: The iHeartMedia Multiplatform Group; the iHeartMedia Digital Audio Group; and the Audio and Media Services Group. Visit iHeartMedia.com for more company information.

FAQ

Who is Graciela Monteagudo in relation to iHeartMedia?

Graciela Monteagudo has been appointed to the Board of Directors of iHeartMedia, bringing extensive experience from various multinational companies.

What is the significance of Monteagudo's appointment for iHeartMedia?

Monteagudo's appointment is expected to enhance the board's expertise in digital marketing and consumer engagement, particularly in Hispanic and Latin American markets.

When did Graciela Monteagudo join the iHeartMedia Board?

Graciela Monteagudo joined the iHeartMedia Board of Directors effective immediately upon the announcement.

What is Graciela Monteagudo's previous experience?

She previously served as CEO of Lala U.S. and held leadership roles at companies like Mead Johnson Nutrition and Walmart Mexico.

iHeartMedia, Inc.

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