(CelebrityAccess MediaWire) — Lowry Mays, chairman and CEO, and the board of directors of Clear Channel Communications Inc. have appointed Mark P. Mays as interim CEO, effective immediately. Mark Mays has served as Clear Channel's president and COO since 1993.
"I have decided to take some time off to focus on my health, so that when I come back, I am at 100%," said Lowry Mays. "While I am gone, I have complete confidence in Mark along with all of the managers at Clear Channel to keep things running smoothly."
"We are pleased that Lowry will be taking as much time as he needs to completely recover from his recent surgery," said Mark Mays. "Our record first quarter results show that we have a deep management team in place across all Clear Channel operating units with the very best people in the industries we serve." –Bob Grossweiner and Jane Cohen