A frontrunner has already emerged to replace Joe Uva, the current president and CEO of Univision who, surprisingly, announced on Monday, March 14, 2011, that he is leaving the company in three weeks when his contract expires, according to Anthony Crupi in Adweek.

Crupi writes that "a source suggested" that Randy Falco, Univision’s Executive Vice President and Chief Operating Officer, "is the most likely successor to Uva.

The article continues, "Falco, who joined Univision in mid-January, oversees all revenue-producing functions, including ad sales, distribution and affiliate relations, as well as day-to-day operations at the company’s TV and radio station units. He has been reporting directly to Uva."

Falco was with NBC for many years, rising to president, NBC Universal Television Group. After leaving NBC, Falco ran AOL from March 2006 to 2009.

Univision has said it will conduct a search to find a replacement for Uva.