Suleman Leaves Infinity To Become CEO of Citadel
Monday, February 25 2002
Published on AllBusiness.com
Farid Suleman, Infinity Broadcasting president/CEO and Viacom president Mel Karmazin's longtime financial wizard, unexpectedly resigned last week. Suleman, who also served as executive vp and CFO of Infinity–managed Westwood One, was named CEO of Citadel Communications, owner of 205 radio stations, mostly in mid-sized markets. Suleman will become a special limited partner of Forstmann Little & Co., the private investment group that acquired Citadel last year for $2 billion.
"This is a wonderful entrepreneurial opportunity for me," said Suleman, who in addition to running Citadel will develop new investments for Forstmann.
Citadel founder Larry Wilson, who was CEO, will stay (continued on page 6) on as chairman. At Infinity, Karmazin takes over as interim CEO, and Westwood will search for a new CFO. Suleman will continue as a member of the radio network's board.
"This is a wonderful entrepreneurial opportunity for me," said Suleman, who in addition to running Citadel will develop new investments for Forstmann.
Citadel founder Larry Wilson, who was CEO, will stay (continued on page 6) on as chairman. At Infinity, Karmazin takes over as interim CEO, and Westwood will search for a new CFO. Suleman will continue as a member of the radio network's board.
