Jinhy Yoon
Clear Channel Outdoor HoldingsAbout Jinhy Yoon
Independent director at Clear Channel Outdoor Holdings, Inc. (CCO), age 53, serving on the Board since 2019. Former Executive Vice President, Credit Research at PIMCO covering TMT (2010–July 2024); prior roles include equity research at J.P. Morgan (semicap equipment), equity research at Bear Stearns (integrated oils/refining), and corporate attorney at Simpson Thacher & Bartlett. Education: B.B.A., University of Notre Dame; J.D., Columbia Law School; retired CPA. Also serves on the board of Intelsat, S.A. since February 2022 .
Past Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| PIMCO | Executive Vice President, Credit Research (TMT) | Jan 2010 – Jul 2024 | Extensive investment experience in technology, media, telecom |
| J.P. Morgan Securities | Equity Research Analyst (Semicap equipment) | Not disclosed | Sell-side coverage background |
| Bear Stearns | Equity Analyst (Integrated oil & independent refiners) | Not disclosed | Sector research experience |
| Simpson Thacher & Bartlett LLP | Corporate Attorney | Not disclosed | Legal training and governance perspective |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Intelsat, S.A. | Board Member | Since Feb 2022 | Not disclosed in CCO proxy |
Board Governance
- Committee assignments: Audit Committee member; Nominating & Corporate Governance Committee member (NCGC) .
- Independence: Board determined all directors other than the CEO are independent; audit and compensation committee members meet heightened independence standards .
- Attendance: In 2024, Board held 13 meetings; all incumbent directors attended at least 87% of Board and committee meetings; all directors then in office attended the 2024 annual meeting; independent directors held at least one executive session .
- Committee meetings held (2024): Audit (4), Compensation (6), NCGC (5) .
- Board leadership: Independent Chair (W. Benjamin Moreland) .
| Board/Committee | Role | Meetings (2024) |
|---|---|---|
| Board of Directors | Independent Director | 13 (Board total; individual attendance ≥87% for all incumbents) |
| Audit Committee | Member | 4 |
| Nominating & Corporate Governance Committee | Member | 5 |
Fixed Compensation
Director compensation program: annual cash retainer $75,000 and annual equity RSUs $150,000; RSUs generally granted in Q1 and vest in full on January 1 of following year; optional election to receive up to 100% of cash in RSUs. Chair/member fees: Board Chair $50,000; Audit Chair $25,000; Compensation Chair $20,000; NCGC Chair $15,000; Audit members $15,000; Compensation members $10,000; NCGC members $7,500; no per-meeting fees .
2024 Actual (non-employee directors):
| Component | Amount (USD) |
|---|---|
| Fees Earned or Paid in Cash | $38,499 |
| Stock Awards (grant date fair value) | $65,984 |
| Total | $104,483 |
| RSU vesting convention | Annual director RSUs vest on January 1 following grant, subject to continued service |
Performance Compensation
- No performance-based metrics for director compensation disclosed; director equity is time-based RSUs, not PSUs .
| Metric | Applies to Directors? | Notes |
|---|---|---|
| Annual cash bonus tied to EBITDA or individual MBOs | No | Executive program only; not for directors |
| PSUs tied to Relative TSR | No | Executive LTI; director equity is RSUs |
Other Directorships & Interlocks
| Item | Detail |
|---|---|
| Current public company board | Intelsat, S.A. (Director since Feb 2022) |
| Prior employment link to major shareholder | Former EVP at PIMCO; PIMCO beneficially owns ~104,796,992 CCO shares (21.1%) |
| Independence determination | Board affirmed independence for all non-CEO directors; no Yoon-specific related-party transactions disclosed |
Expertise & Qualifications
- Investment acumen from 14+ years at PIMCO; sector expertise in TMT .
- Legal training (JD) and retired CPA status; accounting and legal background supports audit and governance oversight .
- Current experience as a public company director (Intelsat) .
Equity Ownership
| Item | Value |
|---|---|
| Shares beneficially owned | 39,276 |
| Shares outstanding (as of Apr 2, 2025) | 496,624,429 |
| Ownership % (computed) | ~0.0079% (39,276 / 496,624,429) |
| Hedging/pledging policy | Directors prohibited from hedging or pledging CCO equity; pledge exceptions require Compliance Officer approval |
Governance Assessment
- Independence and committee fit: Yoon is independent and seated on Audit and NCGC—appropriate given her accounting/legal background and investment experience .
- Attendance and engagement: Board met 13 times in 2024; all incumbents ≥87% attendance; directors attended the annual meeting; independent directors held executive sessions—indicates engagement and oversight .
- Compensation alignment: Director pay is modest and equity is time-based RSUs, with committee member fees aligned to workload; no performance-linked director pay or per-meeting fees—reduces short-term incentives and meeting-stacking risks .
- Ownership alignment: Personal stake of 39,276 shares; company-wide policy prohibits hedging/pledging; directors have significant stock ownership guidelines (not quantified for directors in proxy) .
- Potential conflicts and monitoring points:
- Former senior role at PIMCO, which is a 21.1% holder of CCO. Board affirmatively determined independence for all non-CEO directors and did not disclose any Yoon-specific related-party transactions; nonetheless, this prior affiliation warrants routine monitoring for perceived conflicts in votes affecting major shareholders .
- External board at Intelsat appears non-overlapping with out-of-home advertising; no interlocks or transactions disclosed involving Yoon and CCO .
- Policies and safeguards: Robust governance guidelines, annual self-evaluation, independent committee charters, clawback policy (executives), anti-hedging/pledging, and executive/director stock ownership guidelines support investor confidence .
RED FLAGS: None disclosed specific to Yoon (no related-party transactions, hedging/pledging prohibitions in place); prior affiliation with a significant shareholder (PIMCO) is a potential perception risk but independence affirmed by the Board .
Shareholder sentiment: Say-on-pay approved at ~99% in May 2024 (for executives), indicating broad support for compensation governance overall .