Randy Falco
| Randell A. Falco | |
|---|---|
| Born | December 26, 1953 Putnam County, New York, USA |
| Nationality | United States |
| Occupation | Chief Executive Officer for Univision Communications Inc. |
| Known for | Former CEO of AOL |
Randy Falco, (Randell A. Falco) 58, is the Chief Executive Officer for Univision Communications Inc. since June 2011.[1] He is charged with the task of capitalizing on the growth of the U.S. Latino population to steer the Spanish-language media company into the mainstream.[2] Previously Falco was appointed to Executive Vice President and COO for Univision in January 2011, where he was based in New York and reported to Joe Uva, former President and Chief Executive Officer of Univision Communications.[3][4] Before joining Univision, he served as Chairman of the Board and CEO of AOL LLC from November 2006 to March 2009. Prior to joining AOL, he served 30 years with NBC. Falco sits on the board of directors of Ronald McDonald House.
At AOL, Falco was replaced with Tim Armstrong as of March 2009.[5]
Contents |
[edit] Biography
[edit] Early life
Falco attended Iona College (New York), where he received his bachelor's of business administration in finance in 1975 and his master's of business administration, also in finance, in 1979. He received an honorary doctorate from Iona College in 2001.
[edit] NBC career
Falco began his career at NBC in September 1975, having recently finished his undergraduate studies. He held several managerial positions in finance, technical operations, and corporate strategic planning. From 1986 until 1991, he served as Vice President of Finance and Administration, NBC Sports.
In 1993, Falco was named President of NBC's Broadcast and Network Operations division. He oversaw the facilities and operations of the NBC Television Network worldwide. Falco was responsible for overseeing the design and creation of the Today Show's "Window on the World" studio, MSNBC's state-of-the-art broadcast facilities in Secaucus, N.J., and the digital conversion of the NBC Television Network.
Falco also served as President of the NBC Universal Television Network Group beginning in 2004 and as Group President of the NBC Television Network, a position to which he was named in 1998. Before that, he had been President of the NBC Television Network, beginning in 1998. Falco has also served as Chief Operating Officer, Olympics, for the 2002 Winter Olympic Games in Salt Lake City, the 2000 Summer Olympic Games in Sydney, Australia, the 1996 Summer Olympics in Atlanta, and the 1992 Summer Olympics in Barcelona. He has won six Emmy Awards for these broadcasts.
Named president and chief operating officer of the NBC Universal Television Group in December 2005, Falco was responsible for the group’s commercial and operational functions, including affiliate relations, cable distribution, business development, information technology, network and studio operations, worldwide television distribution, and Telemundo. He also served as a GE officer.
[edit] AOL
Falco joined AOL as Chairman and Chief Executive Officer of AOL LLC. in November 2006. He was responsible for setting strategy and overseeing the businesses and operations. He was fired after two years on the job and replaced by Google Ad Chief Tim Armstrong.[6] After being fired, AOL agreed to continue paying his 8.5 million dollar per year salary for one more year.[7] After he was hired by AOL, Falco purchased several advertising-related companies and moved AOL's headquarters to Manhattan from Dulles. In a deal that the industry has considered one of his biggest mistakes,[8] Falco acquired the social networking website bebo.com for $850 million dollars. His successor, Tim Armstrong is expected to shut down the money-losing operation.[9] During his tenure at AOL, Falco laid off 450 employees one month after taking over, and 2000 more in October 2007 and a final round of 700 layoffs.[10]
[edit] Univision
Falco was named Executive Vice President and COO for Univision in January 2011.[11] In this position he was responsible for overseeing all revenue-driving functions for the Company, including Advertising Sales, Distribution Sales and Affiliate Relations, as well as the operations of the Company’s television and radio station groups, Corporate Marketing, Research and Corporate Business Development.
[edit] Personal life
Randy and his wife Susan have three children.
[edit] References
- ^ Univision Elevates Operating Chief to CEO
- ^ Randy Falco is named CEO of Univision
- ^ Former AOL and NBC Executive Randy Falco Joins Univision as Executive Vice President & COO
- ^ Ex-AOL CEO Randy Falco Gets A Job At Univision
- ^ Google Executive Takes Over AOL
- ^ AOL Boots Loser CEO for Google's Tim Armstrong
- ^ AOL Will Pay Fired CEO Randy Falco $8.5 Million Through 2010
- ^ Bebo Not Worth a Pail of Spit to AOL? This Comes as a Shock to Exactly–Hmm–No One.
- ^ AOL Takes Site from $850 Million To Worthless in Two Years
- ^ AOL Exec: ‘Why Randy Falco Gets To Keep His Job Is A Mystery To A Lot Of People’ | 300 Laid Off Yesterday
- ^ Ex-AOL CEO Randy Falco Gets A Job At Univision
[edit] External links
- Randy Falco Satisfied with Randy Falco’s AOL Performance
- CrunchBase: Randy Falco
- Randy Falco Joins Univision Communications as COO, Executive VP
- Google Ad Chief Tim Armstrong Replaces Randy Falco As Chairman And CEO Of AOL
- Exclusive Exit Interview: AOL's Randy Falco
- EXECUTIVE PROFILE: Randy Falco
- War At AOL: Randy Falco Or Ron Grant (Or Both) May Go
- Randy Falco’s Napoleonic Strategy at AOL
- Change Is Tough, but Necessary, AOL Chief Says
| Preceded by Jonathan Miller |
CEO of AOL 2006–2009 |
Succeeded by Tim Armstrong |
