Banking Veteran Phyllis Riggins to Join Clear Channel Board; Lowry Mays Announces Board Addition.Business and Entertainment Editors SAN ANTONIO--(BUSINESS WIRE)--Jan. 6, 2003 Lowry Mays Lester Lowry Mays (b. 24 July 1935) is the founder and current chairman of Clear Channel Communications. Early Years Lester Lowry Mays was born on July 24, 1935 in Harris County, Texas to Lester T. Mays and Mary Virginia Lowry. , Chairman of the Board and Chief Executive Officer of Clear Channel Worldwide (NYSE NYSE See: New York Stock Exchange :CCU CCU abbr. 1. coronary care unit 2. critical care unit CCU critical care unit. CCU Critical care unit, see there ), announced today that Phyllis Riggins joined the Clear Channel board of directors effective Dec. 23, 2002. Ms. Riggins brings 23 years of experience in corporate and investment banking primarily focused on the media and telecommunications industries. She started her banking career in 1979 at Republic National Bank where she served as head of the Media and Telecommunications Group and carried on that role for each of its successors including Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Securities where she worked until retiring in 2002. Ms. Riggins said, "I look forward to serving on the Clear Channel board. I am hopeful that my prior experience will allow me to contribute in a positive way to continue Clear Channel's impressive record of operating a world class media company and creating shareholder value." "As always, we remain committed to having the best Board that we can and continue to focus on creating shareholder value. We are pleased to bring the knowledge and experience of Phyllis Riggins to the board, and we look forward to having her join us," Mays said. "Her expertise in the financial industry and her understanding of all facets of the media business will be a valuable asset to Clear Channel shareholders." About Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. Inc. Clear Channel Communications Inc. (NYSE:CCU), headquartered in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. , is a global leader in the out-of-home advertising industry with radio and television stations, outdoor advertising displays and live entertainment venues in 65 countries around the world. Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Visit our Web site at www.clearchannel.com. |
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