On January 24, 2014, James C. Carlisle resigned as a member of the Board of Directors of Clear Channel Outdoor Holdings Inc. Pursuant to the company's Amended and Restated By-laws, as amended, on January 24, 2014 the company's Board of Directors appointed Vicente Piedrahita as a member of the company's Board of Directors to fill the vacancy created by Mr. Carlisle's resignation. Vicente Piedrahita is a Vice President at Thomas H. Lee Partners, L.P.