Cox Enterprises announced Tuesday that Dallas Clement has been named executive vice president and chief financial officer starting July 1.
Clement, 50, will report to John Dyer, president and CEO of Cox Enterprises, an Atlanta-based cable, media and automotive services company with more than $17 billion in annual revenue.
Clements will succeed Doug Franklin, who is retiring Aug. 1 after a 38-year-career with the company, including as a former publisher of The Atlanta Journal-Constitution, which Cox owns.
In his new role, Clement will be responsible for the company’s treasury, financial reporting and control, and tax, audit and financial planning functions. He also has responsibility for public policy, supply chain services, energy management, information technology, risk management and legal issues.
“Dallas is a veteran Cox leader who not only has acquired invaluable corporate and multi-divisional experience during his 25 years at Cox, but also possesses the ideal skill set to lead our financial organization during this time of expansion and growth,” Dyer said in a statement.
Most recently, Clement served as executive vice president and chief financial officer for Cox Automotive, a unit that includes Manheim auto auctions, the AutoTrader online marketplace and Kelley Blue Book. He received a Bachelor of Arts in applied mathematics and economics from Harvard College and holds a Master of Science in engineering-economic systems from Stanford University.
“I’m looking forward to working with the team and helping to navigate the many opportunities available to Cox Enterprises and its businesses,” Clement said.
Franklin is retiring from the only company he’s worked for.
“I’ve been fortunate to have had a fabulous run with a remarkable family company, and I’m proud to have played a small part in its history and future,” he said.
Franklin joined Cox as a door-to-door circulation solicitor for Dayton Newspapers in 1977. He worked in various financial roles at Cox’s Dayton Daily News, Springfield News-Sun and the Longview, Texas, News-Journal before returning to Dayton Newspapers in 1986 as business manager and then general manager.
In 2004, Franklin became chief executive officer of Cox Ohio Publishing and publisher of the Dayton Daily News. He later became publisher of Palm Beach Newspapers and then the AJC. He was named president of Cox Media Group in 2011 and two years later assumed the role of Cox Enterprises executive vice president and chief financial officer.
“Doug’s career at Cox is nothing short of remarkable, and is an inspiring story of commitment, perseverance and dedication,” Dyer said.
