Former CFO and interim CEO is given position permanently upon retirement of Gary Chapman.
LIN TV Corp. today named its CFO Vincent L. Sadusky as its new chief executive officer. The company had previously announced that Sadusky would act as interim CEO upon the retirement of Gary R. Chapman, which occurred Monday.
Sadusky will join LIN TV’s board of directors and will continue to act as CFO until a replacement is appointed. The board expects to name a new chairman in the near future. LIN owns 30 television stations in 18 mid-sized markets in the U.S. and Puerto Rico.
The board of directors, represented by Peter S. Brodsky, said, “Vince has impressed the board with his leadership and vision for maximizing the value of LIN’s content and distribution assets in today’s evolving media environment. Those qualities, along with his industry knowledge and experience in growing businesses, make him the ideal CEO for LIN.”
Sadusky had been LIN TV’s vice president, chief financial officer and treasurer since 2004, overseeing all financial functions and acquisitions. Prior to LIN, he was CFO and treasurer of Telemundo Holdings Inc. where he was instrumental in selling Telemundo to General Electric Corp’s NBC Broadcasting unit for $2.7 billion. Sadusky has 20 years of business experience, including seven years with the assurance and consulting firm Ernst & Young.