Andy Hobson has resigned his positions as senior executive vice president and chief financial officer of Univision Communications.

There was no word from the U.S. Spanish-language media leader as to why Hobson was exiting. 

Univision, which is reportedly considering an initial public offering, said it will conduct a comprehensive search for a new CFO.

Peter Lori, executive vice president finance and chief accounting officer at UCI, will serve as interim CFO, with Hobson aiding the company during the transition period.

“We thank Andy for his numerous contributions to the company over many years,” said Randy Falco, president and CEO of Univision Communications Inc. “I am pleased that we have a first class financial team in place and I am confident Univision is in a strong position, financially and operationally, and has a great future ahead.”

Lori joined Univision Communications in 2005. Prior to this he served as an audit partner at KPMG LLP from 2002-2005. Lori began his career at Arthur Andersen LLP in 1987 where we worked for 15 years and became an audit partner there in 1999.