Randy Falco, executive v.p. and COO at Univision Communications, has been named president and CEO of the Spanish-language giant, effective immediately.
Falco will also become a member of the Univision board of directors and will continue to be based in New York.
Joe Uva stepped down as CEO of the U.S. Spanish-language media leader in April.
"The board unanimously agreed that Randy's track record and expertise make him the ideal executive to lead Univision's future growth," said Haim Saban, executive chairman of Univision's board. "Randy has over 30 years of relevant industry experience and has demonstrated his highly-skilled leadership and strategic vision at Univision over the past six months. We are confident in Randy's ability to deliver on Univision's goals and accelerate our growth as a leading multi-platform media company in America."
Falco assumed the role of executive vice president and COO in early 2011, overseeing all revenue functions for Univision. Previously, he was chairman and CEO at AOL.
Falco spent more than 30 years at NBC Universal, Inc., culminating as president and COO of NBC Universal Television Group.