Cox Media Group said Wednesday that Kim Guthrie, President and CEO, has decided to move on from the organization after a 22-plus year career with the company. The company said that Steve Pruett, Executive Chairman of CMG, will serve as Interim CEO until a permanent Chief Executive is appointed soon.
“We have built a strong foundation for future growth, including an exceptional senior management team, a successful carveout from Cox Enterprises, and deep, long-term relationships with our communities, customers and partners,” Guthrie said in a statement. “I have full confidence in this great team at CMG and I look forward to watching CMG’s future achievements.”
On behalf of the company’s board of directors, Pruett thanked Guthrie “for her decades of service to Cox Media Group and her leadership during the Company’s transition to new ownership. She has been instrumental in positioning CMG for future success as an industry-leading media company,” he added.
Guthrie joined Cox Media Group as VP/GM of the company’s Long Island, NY properties in 1998. Over the years she moved through the corporate ranks, rising to Executive VP of Radio, President of CoxReps and Executive VP of the national ad platform business, before being named President in 2016. Guthrie added the CEO title when affiliates of Apollo Global Management closed on their purchase of the 63-station radio division of Cox Media Group.
The company said Guthrie will work with Pruett on the transition process.