Joe Uva will be leaving his position as president and CEO of Univision Communications next month.
Uva has told the board of directors at the top Spanish-language media company in the U.S. that he has elected not to renew his employment contract in order to seek other opportunities.
Uva, who joined Univision in April 2007 after serving as president and CEO of agency OMD Worldwide, will depart when his contract expires on April 2. During his tenure, Unvision entered the retranmssion-consent regime, securing fees for its stations and also oversaw the media company's rollout of such advanced services as video-on-demand and HD for the Univision network, broadcast brethren TeleFutura and cable service Galavision.
Univision will commence a search process for a new CEO immediately. To ensure a smooth transition, executive chairman Haim Saban will assume additional responsibilities until a new CEO is appointed, according to the company.
Uva's announcement comes two months after Randy Falco, former chairman of AOL, joined Univision Communications as executive vice president and COO. Falco, whose career included a 30-year run at NBC, including a stint as network president, succeeded Ray Roriguez, who retired as Univision's EVP, COO at the end of 2009. Published reports indicate Falco is the most likely internal candidate to step into Uva's post.
Another source indicates that Tonia O'Connor, who was elevated to president, distribution sales and marketing in January after spearheading Univision's push for retransmission-consent fees and implementing its rollout of HD and other advanced services, is also being considered for the top post.
"On behalf of the Univision board of directors, we would like to commend Joe for his tremendous contributions over the past four years," said Saban in a statement. "Univision is a better company today due to Joe's efforts in building a strong leadership team and positioning Univision for long-term success. Univision's business is strong, and the entire management team remains focused on delivering value to its customers and stakeholders. We wish Joe the best in his future endeavors."
Noted Uva: "My four years as president and CEO of Univision have been extremely exciting and rewarding. I believe our team can be proud of the accomplishments that we achieved during my tenure. Although I will miss working with the many talented professionals at Univision, the team is strong and I have decided the time is right for me to capitalize on other opportunities. I know that Univision will continue its great success as the premier Spanish-language media company in the U.S."