Entravision announced that Walter F. Ulloa, the Company's Chairman and Chief Executive Officer, passed away of a sudden heart attack on December 31, 2022. He was 74 years old. The Board also announced that it has appointed Chris Young, age 54, Chief Financial Officer and Treasurer, as Interim Chief Executive Officer, effective January 3, 2023.

Mr. Young has over two decades of experience in banking and corporate finance across the media, advertising and technology industries and has served as Treasurer and CFO of Entravision since 2008. He originally joined Entravision in August 2000 as CFO of the Company's outdoor advertising division, of which he became President in February 2004 prior to the division's sale in May 2008. The Board of Directors will continue to meet to discuss matters related to the orderly transition and is currently conducting a search for a full-time replacement for the role of Chief Executive Officer.

Mr. Ulloa was a visionary in Spanish language broadcasting with nearly five decades of experience in television, radio and digital media. He co-founded Entravision in 1996, becoming the Chairman and Chief Executive Officer of the Company, roles he held until his passing. Mr. Ulloa served as director and Chairman of Entravision's Board of Directors since February 2000.

From 1976 to 1989, Mr. Ulloa worked at KMEX-TV, Los Angeles, California as Operations Manager, Production Manager, News Director, Local Sales Manager and Account Executive. This was followed by seven successful years in development, management and ownership of Entravision's predecessor entities.