Entercom Communications (ETM) CFO to Step Down

November 14, 2016 4:32 PM EST

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Entercom Communications Corp. (NYSE: ETM) today announced that Steve Fisher will be stepping down as Executive Vice President and Chief Financial Officer of the Company effective February 28, 2017. Thereafter, Mr. Fisher will provide consultative services to the Company. Mr. Fisher, age 64, has served as the Company’s Executive Vice President and Chief Financial Officer since 1998.

The Company has retained Spencer Stuart, an executive search firm, to help identify a successor.

David J. Field, Entercom’s President and Chief Executive Officer commented: “Steve has been an outstanding leader at Entercom, playing a major role in our success over the 18 years he has been with the Company. He has been involved in many aspects of our growth and development and made a meaningful impact on our operational efficiency and effectiveness. I have greatly valued his strategic insights and his financial and business acumen. We have been extremely fortunate to have him on our team for so many years and are grateful to him for all of his outstanding contributions to the Company.”

Mr. Fisher commented: “After 18 years, the time felt right to move on. Entercom is a great company with a superb team and an exceptionally strong balance sheet that leads the industry. I am proud to have been a part of this winning team over the years.”



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