Gary Way, a seasoned Nike executive and digital-first media company veteran, has been appointed to serve on the board of directors at Townsquare Media. The addition of the former General Counsel of the sports apparel giant's Jordan brand, who has spent nearly a quarter century at the company in various roles, comes as Townsquare expands its boardroom and seeks to deepen its industry expertise and strategic planning.
Way brings with him a wealth of experience in enterprise risk management, business growth, and transformation, as well as a robust corporate legal background. His tenure at Nike includes significant roles in the company's legal department and the leadership team. Prior to joining Nike, Way honed his skills at the NBA's legal department in New York City and was a litigation associate at Haight Gardner Poor & Havens.
Gary Way's appointment to Townsquare's board of directors is a testament to his expertise and contributions to the media company. His depth of experience in risk management, business operations, and legal Affairs will be invaluable as Townsquare continues to innovate and grow.
As a non-employee Class I director, Way will be paid $70,000 a year for his board service. Additionally, if he chairs a board committee, he will earn an additional $25,000. Townsquare Media also announced that Way would receive $130,000 worth of Townsquare stock. This aligns with his background and experience, providing him with a substantial financial benefit for his service.
In a statement, Townsquare Media noted that Way's appointment was effective January first and would run for one year. The company also praised Way's 'well-qualified' status, citing his extensive experience and contributions to the field.
Gary Way's appointment to Townsquare's board of directors is a significant moment for both the media company and the broader digital media sector. His deep knowledge and experience in corporate law, risk management, and business growth are crucial as the industry continues to evolve and compete in an increasingly digital landscape.
As Townsquare continues to expand its reach and relevance,Way's perspective and insights will be invaluable as the company seeks to navigate the rapidly changing media landscape and capitalize on emerging opportunities.
Overall, Gary Way's appointment to Townsquare's board of directors is a strong signal of the company's commitment to robust governance, expert guidance, and long-term strategic planning. His presence will be felt across all aspects of the media company's operations, as he works to advance its goals and uphold its values. With his extensive knowledge and experience, Way's tenure is likely to be a successful one, benefiting both Townsquare and its shareholders.
