Westwood One announced today that Norman J. Pattiz, the Company’s founder, is retiring from the Board as Chairman Emeritus, and has signed a new contract as a Consultant to the Company. He will be succeeded as Chairman by Mark Stone, Senior Managing Director of the Gores Group. In his consulting role, Pattiz will work closely with Stone and the Company’s senior management. “I’ve been sitting in the same seat for over 30 years, and will continue to do so as a Consultant to the Company,” said Pattiz. “I am, however, relinquishing my seat at the Board table. This allows me to play an active role at the Company I founded, working with people that I admire and respect, while continuing the other activities that are very important to me.” Pattiz serves as Chairman of the Department of Energy’s Los Alamos and Laurence Livermore National Security Laboratories, and as a Regent of the University of California.
“As Chairman, my mandate is to drive customer-oriented initiatives that will further strengthen Westwood One’s leading market position,” said Stone. “We are fortunate to have Norm’s continuing expertise as we build the Company’s future.”
In 2009, Pattiz was inducted into the National Radio Hall of Fame, and received a “Giants of Broadcasting” Award from the Library of American Broadcasting.
“Norm’s programming experience, extensive contacts, and customer focused insights are extremely valuable to the Company, and I look forward to continuing our partnership,” said Company President, Rod Sherwood.