TORONTO – John Hayes announced today he is stepping down as president of Corus Radio at the end of the company’s fiscal year, August 31, 2008.
Hayes joined Corus in 2001, “and during his tenure built and led a dedicated and successful team that created and maintained one of Canada’s top performing radio operations,” says the company’s official press release.
Hayes did not say where he is headed, nor did the company say who will replace him.
"With a focus on training and development, building deep customer relationships, and working to imbed each radio station into the local fabric of a community, John spearheaded the growth of our radio division and established Corus Radio as an industry leader in terms of reach, revenues and ratings," said John Cassaday, president and CEO of Corus in a release.
"We thank John for his tremendous contribution to Corus Entertainment. His passion for the radio business and dedication to his team will be missed."
"Our company’s long-term strategic plan was presented to our board of directors on July 8 and 9. As I worked with the team on formulating the long-term strategy for the radio division, I naturally began to think of my own future. As we discussed my commitment to remain at Corus long enough to see these plans through, it became clear to me that at this stage of my life I was not able to make that commitment,” said Hayes.
“My tenure as president of Corus Radio is the longest time I have spent in any role in my career. I have cherished my seven years with the company, but I am an entrepreneur at heart and the time is right for me to move on."
