Media and finance executive Richard J. Bressler has been named president and chief financial officer (CFO) of CC Media Holdings and Clear Channel Communications and CFO of Clear Channel Outdoor Holdings.

Bressler has wide-ranging experience and expertise in the out-of-home (OOH) advertising, entertainment, media and digital industries and a background in public companies, private equity and venture capital investing. He is a member of Thomas H. Lee Partners, one of two private equity firms that acquired Clear Channel in 2008.

Since the acquisition, Bressler has been a director of CC Media Holdings and Clear Channel Communications, positions he will continue to hold.

“I recruited Rich for this role because there are few people with as deep an understanding of our company and the opportunities to help marketers meet the demands of increasingly connected consumers,” says Robert Pittman, chair and CEO of Clear Channel.