Outfront Media (OUT) Announces CEO Retirement
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.8%
Revenue Growth %: +8.5%
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On December 17, 2024, Outfront Media (NYSE: OUT) announced that Jeremy J. Male, the Company’s Chairman and Chief Executive Officer, will retire from the Company. The retirement was mutually agreed between Mr. Male and the board of directors of the Company pursuant to a letter agreement, dated as of December 16, 2024 (the “Letter Agreement”), providing for Mr. Male’s continued services through March 31, 2025, or, if the Company and Mr. Male mutually agree, a later date not to exceed June 30, 2025. The Letter Agreement provides that Mr. Male’s retirement will be a resignation for “Good Reason” under Mr. Male’s Employment Agreement with the Company, dated as of September 18, 2017, and that Mr. Male will be entitled to the payments and benefits provided for thereunder.
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