Lamar Advertising Company Chief Financial Officer Keith Istre To Retire
January 09 2019 - 4:05PM
Lamar Advertising Company (Nasdaq: LAMR), a leading owner of
outdoor advertising and logo sign displays, today announced that
Keith A. Istre, Chief Financial Officer and Treasurer, has informed
Lamar of his intent to retire from the company effective December
31, 2019, after more than 40 years of service.
“Keith’s shrewd management of our finances has been invaluable
to Lamar’s growth over the past four decades,” said Lamar board
chairman Kevin Reilly Jr., noting that Mr. Istre joined Lamar as
Controller in 1978 when the company’s revenue was approximately $14
million. Lamar’s 2017 revenue exceeded $1.5 billion.
“The strength of our balance sheet, the envy of the industry, is
a testament to Keith’s steady hand and financial acumen,” said
Lamar Chief Executive Sean Reilly. “Keith has been a terrific
partner to both Kevin and to me, and the company will miss him
tremendously.”
Mr. Istre, who became Chief Financial Officer in 1989, made his
intention known to the Company now so that appropriate succession
and transition planning can occur. Lamar is conducting a
comprehensive search for Mr. Istre’s successor and has retained an
executive search firm to assist in the process.
About Lamar Advertising CompanyFounded in 1902, Lamar
Advertising Company (Nasdaq: LAMR) is one of the largest outdoor
advertising companies in the world, with more than 348,000 displays
across the United States and Canada. Lamar offers advertisers a
variety of billboard, interstate logo, transit and airport
advertising formats, helping both local businesses and national
brands reach broad audiences every day. In addition to its more
traditional out of home inventory, Lamar is proud to offer its
customers the largest network of digital billboards in the United
States with over 3,000 displays. Please feel free to explore our
website www.lamar.com or contact us at hello@lamar.com for
additional information.
Press Contact:
Buster KantrowDirector of Investor
RelationsLamar Advertising Company(225)
926-1000bkantrow@lamar.com
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