New York, May 15, 2024: Adams Outdoor Advertising (“Adams” or “the Company”), one of the leading out-of-home media operators in the United States, today announced the appointment of Kevin Jones as Chief Executive Officer. With more than 30 years of experience across the technology industry, including most recently serving as the CEO of both contact center software company Calabrio, Inc., and previously as CEO of multi-cloud solutions company Rackspace Technology, Mr. Jones is well-positioned to capitalize on Adams’ long history of success and help lead the firm into its next chapter. Long-time Adams CEO Kevin Gleason, who stepped back earlier this year into the Executive Chairman role, will work closely with Jones during the transition.

Commenting on Mr. Jones’ appointment, Mr. Gleason said: “With a shared bullish vision for the Company, Kevin Jones is the right person to take the reins of Adams as we enter our fifth decade in business. Mr. Jones brings proven leadership, and will help ensure we preserve our great culture and continue our exceptional growth while still prioritizing the customer experience. His experience and skills will be invaluable to our customers, and the Adams team, as our industry continues to technologically adapt and progress.”

“Adams continues to set the industry standard for excellence, and we are confident that Kevin Jones is the right person to lead the Company’s next iteration of growth,” said Darren Glatt, Partner at Searchlight Capital Partners. “Having personally worked with Kevin during his time as CEO of Rackspace Technology, I have seen firsthand how he leads with passion and determination to elevate an organization and its people. On behalf of the Board and the Company’s investors, I cannot overstate our excitement about working with Kevin as CEO of Adams.”

“Mr. Jones brings a wealth of experience and a proven management playbook to execute Adams’ strategic priorities,” said Dave Hong, Senior Managing Director at British Columbia Investment Management Corporation (BCI). “We are pleased with his appointment as CEO.”

Commenting on his appointment, Mr. Jones added: “It is an honor to be named CEO of Adams. Kevin Gleason set a high bar, leading Adams for more than three decades and cementing the Company as one of the four largest out-of-home media operators in the United States. I look forward to working closely with Mr. Gleason to capitalize on the long- term momentum he and the team have created to ensure Adams continues to push the boundaries in our industry, and to provide impactful results to our customers.”

Founded in 1983, Adams has been instrumental in promoting the power of outdoor advertising by providing clients with bespoke media solutions to target audiences at the local level. In September 2021, Adams announced a strategic investment with Searchlight Capital Partners, L.P., a leading global private investment firm, in partnership with BCI, one of the largest institutional investors in Canada.