George Beasley, the spry 83-year-old CEO of Naples-based Beasley Broadcast Group, has been a force in the radio business since he founded the company in 1961.
Now his daughter Caroline Beasley, 53, will take over as interim CEO after the company announced George Beasley would be taking immediate medical leave. The company operates 52 stations in 12 metro areas, including Tampa-St. Petersburg and Fort Myers-Naples.
George Beasley's medical leave was disclosed after the markets closed March 19. It cited no reason for the medical problem or how long the medical leave would last.
“Out of respect, we will be honoring his request for privacy and will not be commenting further on his condition at this time,” Caroline Beasley says in a prepared statement.
Caroline Beasley, who has until now been the company's executive vice president and chief financial officer, has plenty of family support. She is the sister of Bruce Beasley, president and chief operating officer, and Brian Beasley, vice president of operations. All three are directors on the board, though George Beasley remains chairman.
Caroline Beasley joined Beasley in 1983 and has been executive vice president and chief financial officer since 1994.