ATLANTA - Gray Television Inc . (NYSE:GTN), a leading multimedia company based in the U.S, has announced a forthcoming change in its executive team, with Chief Financial Officer Jim Ryan preparing for retirement after a distinguished 25-year tenure. Jim Ryan will transition into a Senior Advisor role to ensure a smooth handover of responsibilities through the end of 2025.
Jeff Gignac, currently Managing Director and Head of Media & Telecom Investment Banking at Wells Fargo Securities, is set to succeed Ryan. Gignac, who has worked closely with Gray Television and Ryan in recent years, will take on the role of Executive Vice President, Finance starting April 1, 2024, and will step into the CFO position on July 1, 2024.
During his time at Gray, Ryan was instrumental in the company's growth from a regional media entity to the nation's second-largest broadcast company. His leadership saw Gray divest from non-core businesses and acquire numerous television stations, significantly expanding the company's reach.
Hilton Howell, Gray's Executive Chairman and CEO, praised Ryan's contributions, noting his guidance through periods of growth and transformation. Howell also expressed confidence in Gignac's capabilities, highlighting his role in key financial transactions that have shaped Gray's current stature in the industry.
Gignac brings nearly two decades of experience from Wells Fargo, with a background in leveraged finance within the telecom, media, and technology sectors. He is a licensed CPA in Georgia and holds a BA in Accounting from Michigan State University.
Gray Television, headquartered in Atlanta, Georgia, is the largest owner of top-rated local television stations and digital assets in the U.S., reaching approximately 36 percent of U.S. television households. The company's portfolio includes Raycom Sports, Tupelo Media Group, PowerNation Studios, Assembly Atlanta, Third Rail Studios, and a majority interest in Swirl Films.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.