Cox Enterprises has announced a series of executive changes, as President/CEO Jimmy W. Hayes will retire from the company in April of 2014, as part of the company’s long-term, succession plan. Hayes has served as President/CEO since 2008, leading the company’s four major subsidiaries: Cox Communications, Manheim, CoxMedia Group and AutoTrader Group, as well as corporate headquarters groups including financial operations, human resources and administration. Hayes will continue serving as a member of the Cox Enterprises Board of Directors.
"Jimmy has led an impressive career at Cox, and I consider it a privilege having worked alongside him for so many years," said Jim Kennedy, Chairman of Cox Enterprises. "I thank Jimmy for his loyalty and service to Cox, and am delighted to work with him over the next 12 months to carefully and thoughtfully transition Cox’s next senior leadership team."
Effective May 1, John M. Dyer will be named COO of Cox Enterprises and will succeed Hayes as President/CEO upon Hayes’ retirement next year. A 36-year Cox veteran, Dyer currently serves as EVP/CFO of Cox Enterprises, a position he has held since 2008.
"John is a seasoned Cox leader with deep and rich experience in both finance and operations," said Kennedy. "His commitment to the Cox culture, coupled with his pursuit of excellence makes him the perfect choice to succeed Jimmy. I look forward to working closely with John as we continue to invest in opportunities to grow our portfolio of businesses."
Douglas E. Franklin will succeed Dyer to become EVP/CFO of Cox Enterprises, effective May 1. Franklin currently serves as President of Cox Media Group, a position he has held since 2011. In his new role, Franklin will be responsible for the company's treasury, financial reporting and control, as well as tax and audit functions. He also has responsibility for public policy, supply chain services, information technology, risk management and legal.
"Doug has spent his entire career with Cox and will make a great addition to the Cox Enterprises senior leadership team," continued Kennedy. "His extensive experience in both finance and operations is the ideal background for this role, and the skills he’s honed for the past three decades will serve him well as he makes his transition."
As President of Cox Media Group, Franklin is responsible for leading Cox Enterprises’ integrated broadcasting, publishing and digital media subsidiary. Cox Media Group operates 19 broadcast television stations; 88 radio stations; eight daily newspapers and more than a dozen non-daily publications, more than 100 digital services and Cox Reps. Additionally, Cox Media Group owns and operates Valpak, one of the leading direct marketing companies in North America.
Succeeding Franklin as President of Cox Media Group will be Bill Hoffman, who currently serves as an EVP at Cox Media Group. In this role, Hoffman oversees the majority of the company’s radio and television operations, as well as its corporate revenue efforts.
"Bill is a talented, senior executive who will provide strong leadership, continuity and direction at Cox Media Group," Kennedy added. "His innate understanding of the integration of broadcast, print and digital media will help ensure Cox outlets maintain their enviable rankings in a highly-competitive media landscape."
Prior to serving as EVP, Hoffman was VP/GM of the company's WSB-TV in Atlanta. He joined Cox in 1979 as an account representative at TeleRep and has held a number of roles within the company. Hoffman serves on the ABC board of governors as its current chairman, on the board of directors of the Anti-Defamation League, Southeast Region and Chattahoochee Riverkeeper.