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Nexstar Media Group Appoints Ellen Johnson to Board of Directors

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Nexstar Media Group (NASDAQ: NXST) has appointed Ellen Johnson to its Board of Directors, effective October 1, 2024. Johnson, currently the Executive VP and CFO of Interpublic Group (NYSE: IPG), brings extensive financial and advertising industry expertise. She will serve as an independent director, increasing Nexstar's board to 10 members, with 9 being independent and 3 being women.

At IPG, Johnson oversees Global Finance, IT, Investor Relations, and ESG programs. Her experience in accounting, corporate finance, and ESG is expected to be valuable for Nexstar's business advancement and shareholder value enhancement. Johnson's appointment strengthens Nexstar's leadership as it continues to grow its media and entertainment business, which includes assets like NewsNation, The CW, and The Hill.

Nexstar Media Group (NASDAQ: NXST) ha nominato Ellen Johnson nel suo Consiglio di Amministrazione, con effetto dal 1 ottobre 2024. Johnson, attualmente VP Esecutivo e CFO del Interpublic Group (NYSE: IPG), porta con sé un'ampia esperienza nel settore finanziario e pubblicitario. Servirà come amministratore indipendente, aumentando il consiglio di Nexstar a 10 membri, di cui 9 indipendenti e 3 donne.

Presso IPG, Johnson sovrintende la Finanza Globale, IT, Relazioni con gli Investitori e programmi ESG. La sua esperienza in contabilità, finanza aziendale ed ESG si prevede sarà preziosa per l'avanzamento del business di Nexstar e per l'incremento del valore per gli azionisti. La nomina di Johnson rafforza la leadership di Nexstar mentre continua a far crescere la sua attività di media e intrattenimento, che include asset come NewsNation, The CW e The Hill.

Nexstar Media Group (NASDAQ: NXST) ha nombrado a Ellen Johnson en su Junta Directiva, con efecto a partir del 1 de octubre de 2024. Johnson, actualmente Vicepresidenta Ejecutiva y CFO del Interpublic Group (NYSE: IPG), aporta una amplia experiencia en finanzas y en la industria publicitaria. Servirá como directora independiente, aumentando el número de miembros de la junta de Nexstar a 10, con 9 independientes y 3 mujeres.

En IPG, Johnson supervisa Finanzas Globales, TI, Relaciones con Inversores y programas ESG. Se espera que su experiencia en contabilidad, finanzas corporativas y ESG sea valiosa para el avance del negocio de Nexstar y la mejora del valor para los accionistas. La nombramiento de Johnson fortalece el liderazgo de Nexstar mientras continúa creciendo su negocio de medios y entretenimiento, que incluye activos como NewsNation, The CW y The Hill.

Nexstar 미디어 그룹(NASDAQ: NXST)은 Ellen Johnson을 이사회의 구성원으로 임명하였으며, 이는 2024년 10월 1일부터 유효합니다. 현재 Interpublic Group(NYSE: IPG)의 수석 부사장 및 CFO인 Johnson은 재정 및 광고 산업에서 풍부한 전문성을 제공합니다. 그녀는 독립 이사로 활동하며 Nexstar의 이사진을 10명으로 늘려줍니다. 이 중 9명이 독립 이사이며 3명이 여성입니다.

IPG에서 Johnson은 글로벌 재무, IT, 투자자 관계 및 ESG 프로그램을 감독합니다. 회계, 기업 재무 및 ESG에서의 그녀의 경험은 Nexstar의 비즈니스 발전과 주주 가치를 향상시키는 데 유용할 것으로 예상됩니다. Johnson의 임명은 Nexstar가 NewsNation, The CW 및 The Hill과 같은 자산을 포함한 미디어 및 엔터테인먼트 분야에서 계속 성장하는 가운데 리더십을 강화합니다.

Nexstar Media Group (NASDAQ: NXST) a nommé Ellen Johnson à son Conseil d'Administration, à compter du 1er octobre 2024. Johnson, actuellement VP Exécutif et CFO du Interpublic Group (NYSE: IPG), apporte une vaste expertise dans les secteurs financier et publicitaire. Elle occupera le poste de directrice indépendante, portant le nombre de membres du conseil de Nexstar à 10, dont 9 indépendants et 3 femmes.

Chez IPG, Johnson supervise les Finances Globales, l'IT, les Relations avec les Investisseurs et les programmes ESG. Son expérience en comptabilité, finance d'entreprise et ESG devrait être précieuse pour l'avancement des affaires de Nexstar et l'amélioration de la valeur pour les actionnaires. La nomination de Johnson renforce le leadership de Nexstar alors que l'entreprise continue de développer son activité média et divertissement, qui comprend des actifs tels que NewsNation, The CW et The Hill.

Nexstar Media Group (NASDAQ: NXST) hat Ellen Johnson in seinen Vorstand berufen, der am 1. Oktober 2024 in Kraft tritt. Johnson, derzeit Executive VP und CFO der Interpublic Group (NYSE: IPG), bringt umfangreiche Erfahrungen in der Finanz- und Werbebranche mit. Sie wird als unabhängige Direktorin fungieren und das Board von Nexstar auf 10 Mitglieder erhöhen, wobei 9 davon unabhängig sind und 3 Frauen sind.

Bei IPG leitet Johnson die globale Finanzabteilung, IT, Investor Relations und ESG-Programme. Ihre Erfahrungen in Buchhaltung, Unternehmensfinanzierung und ESG werden voraussichtlich für Nexstars Geschäftsentwicklung und die Steigerung des Shareholder-Value von großem Wert sein. Johnsons Ernennung stärkt die Führungsposition von Nexstar, während das Unternehmen weiterhin sein Medien- und Unterhaltungsbusiness ausbaut, zu dem auch Ressourcen wie NewsNation, The CW und The Hill gehören.

Positive
  • Appointment of Ellen Johnson, a seasoned financial executive, to the Board of Directors
  • Increased board diversity with 3 out of 10 members now being women
  • Addition of expertise in finance, advertising, and ESG to support Nexstar's growth strategy
  • Potential for improved financial management and shareholder value enhancement
Negative
  • None.

Chief Financial Officer at IPG Brings Extensive Financial and Advertising Industry Expertise to the Board

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Media Group, Inc. (NASDAQ: NXST) today announced the appointment of Ellen Johnson to its Board of Directors effective October 1, 2024. Ms. Johnson will serve as an independent director and will stand for election at the 2025 annual meeting of stockholders. Following her appointment, Nexstar will have 10 Board members, 9 of whom are independent and three of whom are women.

Ms. Johnson currently serves as Executive Vice President, Chief Financial Officer of Interpublic Group of Companies (NYSE: IPG), one of the world’s leading providers of marketing and advertising solutions. In this role, she has direct management responsibility for all areas of Global Finance, Information Technology and Investor Relations, and is the executive sponsor of ESG programs related to climate action, social programs and governance across IPG. She also oversees the mergers and acquisitions and financial planning functions.

“We are pleased to welcome Ellen to the Nexstar Board,” said Perry Sook, Nexstar Media Group’s Chairman and Chief Executive Officer. “She is an integral member of IPG’s executive team with an established record of success in the advertising and marketing services industries. Her extensive leadership experience in accounting, corporate finance and information technology, combined with her expertise in all areas of ESG will be invaluable to Nexstar as we continue to advance our business and execute on the Company’s goals to enhance shareholder value.”

Commenting on her appointment, Ms. Johnson said, “I am delighted to be joining Nexstar’s Board. Today Nexstar is a scaled media and entertainment business with a unique portfolio of local and national assets, including NewsNation, The CW and The Hill. I look forward to sharing my experience with the Board and management team as the Company pursues its continued growth.”

Before becoming CFO in 2020, Ms. Johnson was IPG’s Senior Vice President of Finance and Treasurer, with direct responsibility for Treasury, Corporate Development and Financial Planning and Analysis, managing the company’s liquidity, capital structure, and its relationships with banks and rating agencies.

Under her leadership, IPG has transformed its balance sheet and has increased the strength of its financial position. She helped initiate IPG’s return of capital programs in 2011. Since that time, the company has returned $7.2 billion to shareholders in dividends and share repurchases. Additionally, Ms. Johnson has significantly strengthened the company’s approach to mergers and acquisitions, including the integration and review process. In 2018, she played a key role in IPG’s strategic acquisition and successful financing of Acxiom for $2.3 billion, enabling the company to expand profitability during a period of significant investment, while maintaining its strong balance sheet and investment-grade credit ratings.

Ms. Johnson is a CPA who holds an Executive MBA in Finance from New York University Stern School of Business and a Bachelor’s degree from the State University at Albany.

About Nexstar Media Group, Inc.
Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms, including more than 310,000 hours of programming produced annually by its business units. Nexstar owns America’s largest local television broadcasting group comprised of top network affiliates, with 200 owned or partner stations in 116 U.S. markets reaching 220 million people. Nexstar’s national television properties include The CW, America’s fifth major broadcast network, NewsNation, our national news network providing “News for All America,” popular entertainment multicast networks Antenna TV and Rewind TV, and a 31.3% ownership stake in TV Food Network. The Company’s portfolio of digital assets, including its local TV station websites, The Hill and NewsNationNow.com, are collectively a Top 10 U.S. digital news and information property. For more information, please visit nexstar.tv.

Investor Contacts:

Lee Ann Gliha

Executive Vice President and Chief Financial Officer

Nexstar Media Group, Inc.

972/373-8800

Joseph Jaffoni or Jennifer Neuman

JCIR

212/835-8500 or nxst@jcir.com

Media Contact:

Gary Weitman

EVP and Chief Communications Officer

972/373-8800

gweitman@nexstar.tv

Source: Nexstar Media Group, Inc.

FAQ

When will Ellen Johnson join Nexstar Media Group's (NXST) Board of Directors?

Ellen Johnson will join Nexstar Media Group's Board of Directors effective October 1, 2024.

What is Ellen Johnson's current role outside of Nexstar Media Group (NXST)?

Ellen Johnson currently serves as Executive Vice President and Chief Financial Officer of Interpublic Group of Companies (IPG).

How many independent directors will Nexstar Media Group (NXST) have after Ellen Johnson's appointment?

After Ellen Johnson's appointment, Nexstar Media Group will have 9 independent directors out of 10 total board members.

What specific expertise does Ellen Johnson bring to Nexstar Media Group's (NXST) Board?

Ellen Johnson brings extensive expertise in accounting, corporate finance, information technology, and ESG (Environmental, Social, and Governance) programs to Nexstar's Board.

The Interpublic Group of Companies, Inc.

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