Randall Mays, president and chief financial officer of CC Media Holdings Inc.'s Clear Channel Communications, is stepping down, according to media reports.
Mays will become Clear Channel's vice chairman, a role focused more on strategic advice, reports noted, and will also retain a board seat.
Mark Mays, the company's chief executive and Mays's brother, will resume the role of president, reports specified.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.