Univision Drops IPO Effort, Replaces CFO

Univision Communications is canceling a long-in-the works plan for an initial public offering, and it has replaced CFO Francisco Lopez-Balboa, a former Goldman Sachs banker who was hired three years ago to help the Spanish-language broadcaster with its IPO. He’s been replaced by Peter Lori who has been a deputy under Lopez-Balboa.

Univision Names Francisco Lopez-Balboa CFO

Francisco Lopez-Balboa will have his hands full if privately held Univision is sold or goes public. He was just named CFO of the Spanish language telecaster, reporting to CEO Randy Falco.