Cumulus names John Abbot EVP, treasurer
Mr. Abbot most recently served as Executive Vice President and Chief Financial Officer of Telx Holdings Inc., a provider of connectivity, co-location and cloud services in the data center industry.
Mr. Abbot brings more than 20 years of financial and operations management experience to Cumulus Media as well as an impressive track record of strategic success in various capital market transactions, mergers, acquisitions and integration campaigns.
Prior to his service at Telx, which was sold to Digital Realty Trust in October 2015, he was Executive Vice President and Chief Financial Officer of Insight Communications Company, Inc., a cable television business. He worked as CFO at Insight for eight years, culminating with its acquisition by Time Warner Cable in 2012.
During the prior nine years, he worked in the Global Media and Communications Group of the Investment Banking Division at Morgan Stanley, where he was a Managing Director.
Mr. Abbot began his career as an associate at Goldman, Sachs & Co., and also served as a Surface Warfare Officer in the U.S. Navy.
He received a bachelor’s degree in Systems Engineering from the U.S. Naval Academy, an ME in Industrial Engineering from The Pennsylvania State University, and an MBA from Harvard Business School.
He succeeds Joseph P. Hannan, who resigned his position after six years in order to pursue other interests. Mr. Hannan will assist the company for several months to ensure a smooth transition. ■
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