Exhibit 99.1
Clear Channel Outdoor Holdings, Inc. Appoints Tim Jones to its Board of Directors
Strengthens Board with the Appointment of New Independent Director with Advertising Experience and Expands the Board to 11 Directors
SAN ANTONIO, TX., September 30, 2024 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) today announced the
appointment of Tim Jones to its Board of Directors (the “Board”), effective immediately. Mr. Jones will serve as an independent director and will be a member of the Audit Committee and the Compensation Committee of the Board. With
this appointment, the Board expands to eleven members, ten of whom are independent.
“As a seasoned business leader with significant advertising and
digital marketing experience, Tim will be a great addition to the Board,” said W. Benjamin Moreland, Chairman of the Board. “His proven track record in strategy and management are a great fit for the Company as we continue to execute
on delivering on our strategic roadmap, including monetizing our technology and broadening our revenue streams in our higher-margin U.S. assets. His appointment will enhance the composition of our Board, and we expect to benefit from his
perspective, industry experience and leadership skills. On behalf of the whole Board, we welcome Tim and look forward to his insights and contributions.”
“I am honored to join the Board of Clear Channel Outdoor,” said Mr. Jones. “I look forward to working alongside my fellow directors and
bringing my experience to advance the Company’s strategy.”
Tim Jones has over three decades of advertising experience and broad business and
management experience. Mr. Jones served as the Chief Operating Officer (U.S. Marketing Services) of Publicis Groupe, a leading multinational advertising and communications group, from January 2021 to December 2023. At Publicis, Mr. Jones
led the creative, digital experience, media and health businesses and was responsible for the financial and operational oversight of the company, multiple acquisitions and integrations and new business and organic growth opportunities. He previously
served as the Chief Executive Officer of Publicis Media U.S. / Americas from March 2016 to December 2020. Prior to this role, Mr. Jones served as Chief Executive Officer (North America) of ZenithOptimedia Group, a large global media agency
network of Publicis Groupe.
About Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is at the forefront of driving innovation in the out-of-home advertising industry. Our dynamic advertising platform is broadening the pool of advertisers using our medium through the expansion of digital billboards and displays and the integration of data
analytics and programmatic capabilities that deliver measurable campaigns that are simpler to buy. By leveraging the scale, reach and flexibility of our diverse portfolio of assets, we connect advertisers with millions of consumers every month.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Clear Channel Outdoor Holdings, Inc. and its subsidiaries (the
“Company”) to be materially different from any future results, performance, achievements, guidance, goals and/or targets expressed or implied by such forward-looking statements. The words “will,” “believe,”
“expect,” “continue,” “look forward to,” and similar words and expressions are intended to identify such forward-looking statements. In addition, any statements that refer to expectations or other characterizations of
future events or circumstances, such as statements about contributions by Mr. Jones; the outcome, including benefits, of the Board refreshment; our business plans and strategies; and our liquidity, are forward-looking statements. These
statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict.