Chairman and CEO/CFO
R. Steven Hicks has served as our Chairman and Chief Financial Officer since our inception and, since May 2020, as our Chief Executive Officer. In June 2000, Mr. Hicks founded Capstar Partners, a private investment firm focusing on small and middle market buyouts, real estate development, and public investing in the media and broadcasting, healthcare services and e-commerce industries.
Mr. Hicks has served as Chairman of Capstar Partners since its founding. Prior to founding Capstar Partners, Mr. Hicks was the Vice Chairman of AMFM Inc. (NYSE: AFM), the nation’s largest owner and operator of radio stations, with over 450 radio stations in markets across the United States. In 1996, Mr. Hicks founded Capstar Broadcasting Corporation, which became the nation’s largest radio station holding company by 1998 with 350 radio stations.
Mr. Hicks led Capstar Broadcasting Corporation to a successful initial public offering on the New York Stock Exchange in 1998. In August 1999, Capstar Broadcasting Corporation merged with Dallas-based Chancellor Media Corporation in a stock swap valued at $4.1 billion, forming AMFM, where Mr. Hicks remained as the Vice Chairman. In 1993, Mr. Hicks co-founded SFX Broadcasting, building it into one of the largest radio groups in the United States.
Mr. Hicks serves on the University of Texas System Board of Regents after being appointed for a six-year term in each of 2009 and 2016. In addition, Mr. Hicks has served on the Board of the University of Texas Investment Management Company since 2009. Mr. Hicks received his Bachelor of Arts from the University of Texas at Austin in 1972.