Bain's Scott Wells Named New CCO CEO

Scott Wells

Clear Channel Outdoor Holdings, Inc. announced Monday that Scott Wells will become Chief Executive Officer of Clear Channel Outdoor Americas, overseeing all of Clear Channel Outdoor’s business in the U.S. and Canada. Wells will report to Bob Pittman, Chairman and CEO of both Clear Channel Outdoor Holdings, Inc. and iHeartMedia, Inc., and Rich Bressler, Chief Financial Officer of Clear Channel Outdoor Holdings, Inc. and President, Chief Operating Officer and Chief Financial Officer of iHeartMedia, Inc.

Wells joins Clear Channel Outdoor Americas from Bain Capital, where he served as an Operating Partner. Since August 2014,Wells has been a member of Clear Channel Outdoor Americas’ Office of the President, responsible for setting company direction and ensuring its performance.

“We couldn’t be more pleased that Scott has formally joined Clear Channel Outdoor Americas as its CEO,” said Pittman. “Scott began as a board member who came in to help with the company last summer, and soon became as excited about our outdoor business – our assets, our team and the power of out-of-home -- as we are. We always knew of his talent and leadership ability, and are thrilled that Scott has decided to commit himself fully to leading Clear Channel Outdoor Americas, continuing to work with the outstanding team there to drive the strong momentum we have been seeing.”

“The more I worked with the terrific team at Clear Channel Outdoor Americas, the more I realized that I wanted to play a more pivotal role in helping the company realize its great potential,” said Wells. “I’m truly excited to expand on the work we’ve been doing, working closely with the entire leadership team to drive Clear Channel Outdoor Americas forward into 2015 and beyond.”

The Company also announced that William Eccleshare has decided that, in order to intensify his focus on the increasing potential of the international outdoor advertising market, he will become Chairman and CEO of Clear Channel International to build on the company’s current momentum and drive its strategy for long-term profitable growth. Eccleshare, who formerly held the title of CEO of Clear Channel Outdoor Holdings, Inc., will continue to report to Pittman.