Dade Hayes Finance EditorUnivision, the Hispanic media giant whose takeover by private equity investors led by former Viacom CFO Wade Davis will soon close, has named four independent directors to its board.The new board members include SoftBank Group COO Marcelo Claure; United Airlines executive chairman Oscar Munoz; Estée Lauder Companies SVP of public affairs María Cristina “MC” González Noguera; and veteran Walmart exec Gisel Ruiz.
It is understood that Univision will name four more members to the board when the pending takeover by new majority investors is complete.
The transaction is expected to close by the end of 2020. ForgeLight, a firm run by Davis, along with Searchlight Capital Partners, are buying majority control of Univision.
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