Clear Channel Communications, Inc. today announced that it has named Tom Casey<br />as Chief Financial Officer and Executive Vice President, effective January 1,<br />2010. Casey will oversee the Company’s financial activities and will report to<br />Mark Mays, President and CEO. He assumes the position from Randall Mays, who<br />will become Vice Chairman of Clear Channel.<br /><br />“Tom has a stellar track record of meeting long-term financial and operating<br />goals in his previous positions, and is just the type of leader who will help<br />bring Clear Channel to new heights,” said Mays. “His extensive knowledge and<br />experience in the finance field will be an enormous asset to our company and<br />we’re happy to welcome him to Clear Channel.”<br /><br />Casey joins Clear Channel from Washington Mutual (WaMu), where he was<br />Executive Vice President and CFO. During his six-year tenure at WaMu, Casey<br />transformed finance from a reporting and control function to a strategic<br />business partner. Prior to WaMu, Casey served as a Vice President of GE and<br />SVP & CFO of GE Financial, where he developed a combination of strong<br />financial, operational and strategic expertise. Tom started his career with<br />Coopers & Lybrand.<br /><br />“I am pleased to join Clear Channel and assume leadership of the Company’s<br />financial function,” said Casey. “Our top priority will be to build<br />shareholder value as we optimize management of this unique set of assets. I am<br />excited to be working with Mark Mays and the management team to position Clear<br />Channel to benefit as we emerge from this economic slowdown.”<br /><br />Casey, CPA, holds a B.S. in Accounting from Kings College and will be based in<br />San Antonio.