The Moodie Davitt Report says that former Clear Channel Outdoor executive Toby Sturek has left Clear Channel Outdoor and is now the EVP – Global Business Development at Airport Food and Beverage Company OTG. Prior to leaving Clear Channel, Sturek was head of one of Clear Channel Outdoor’s seven kingdoms with responsibility for Chicago, Minneapolis, Milwaukee and Clear Channel Airports.
Insider speculates that Sturek might have seen the writing on the wall relating to a potential sale of Clear Channel Outdoor’s airport group and thought now was a good time to leave. Insider expects to see more Clear Channel Outdoor asset sales as Clear Channel Outdoor’s parent struggles to shed $20 billion in debt.
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