ATLANTA, April 2, 2015 /PRNewswire/ -- EarthLink Holdings
Corp. (NASDAQ: ELNK) today announced that it has appointed
Gerard Brossard to the position of
Executive Vice President and Managing Director, Managed Services
and Information Technology. Prior to joining EarthLink, Mr.
Brossard served as Senior Vice President, Global Head of Business
Planning and Operations at Visa Inc. since 2014. From 2013 to 2014,
he served in a variety of advisory and consultative roles at
several technology companies, including EarthLink. From 2000
to 2012, Mr. Brossard served in various executive positions with
Hewlett-Packard Company, most recently as General Manager of its
Rich Media Management Solutions division. EarthLink's Executive
Vice President, Managed Services, Michael
D. Toplisek, will leave the company following a transition
period.
EarthLink also announced that Bradley A.
Ferguson, EarthLink's previous Executive Vice President,
Chief Financial Officer, will now assume an operating role and
serve as its Executive Vice President and Managing Director, Small
Business and Consumer. He will also lead the company's corporate
development function.
The company also announced that Louis M.
Alterman will succeed Mr. Ferguson in the position of
Executive Vice President, Chief Financial Officer of EarthLink. Mr.
Alterman has served the company in a variety of financial roles
since 2003. Most recently he has served as Executive Vice
President, Strategy, Operations and Transformation and from
August 2012 to September 2014, he served as Senior Vice
President, Finance and Treasurer.
Joseph F. Eazor, Chief Executive
Officer and President commented, "Mike
Toplisek has been a great asset to EarthLink. We are very
grateful to him for his dedicated service to EarthLink and we will
miss his talent and enthusiasm." Mr. Eazor added, "Gerard Brossard is a fantastic addition to our
management team and Louis and Brad are ideally experienced for
their new positions. I look forward to working with them in
their new roles as we continue with our strategy to be a leading
managed network, security, and cloud service provider. And while I
will have much more information to share on our earnings call in
early May, I am pleased with how our first quarter results are
demonstrating our continuing progress in executing this
strategy."
About EarthLink
EarthLink (EarthLink Holdings Corp.,
NASDAQ: ELNK) provides managed network, security and cloud
solutions for multi-location businesses. We help thousands of
specialty retailers, restaurants, financial institutions,
healthcare providers, professional service firms and local
governments deliver a reliable and engaging customer experience in
their stores and branch offices. We do so by building and managing
MPLS WAN networks, by providing virtualized infrastructure,
security, hosted voice, secure WiFi and compliance solutions, and
by offering exceptional customer care. We operate a nationwide
network spanning more than 28,000 fiber route miles, with 90 metro
fiber rings and secure data centers that provide ubiquitous data
and voice IP service coverage. Our EarthLink Carrier™ division
sells facilities-based wholesale telecommunications to other
providers and our award-winning Internet services connect hundreds
of thousands of residential customers across the U.S. For more,
visit www.earthlink.com and follow @earthlink, LinkedIn and
Google+.
Cautionary Information Regarding Forward-Looking
Statements
This press release includes "forward-looking" statements (rather
than historical facts) that are subject to risks and uncertainties
that could cause actual results to differ materially from those
described. Although we believe that the expectations expressed in
these forward-looking statements are reasonable, we cannot promise
that our expectations will turn out to be correct. Our actual
results could be materially different from and worse than our
expectations. With respect to such forward-looking statements, we
seek the protections afforded by the Private Securities Litigation
Reform Act of 1995. These risks include, without limitation, that:
(1) we may not be able to execute our strategy to successfully
transition to a leading managed network, security and cloud
services provider, which could adversely affect our results of
operations and cash flows; (2) we may not be able to grow revenues
from our growth products and services to offset declining revenues
from our traditional products and services, which could adversely
affect our results of operations and cash flows; (3) failure to
achieve operating efficiencies would adversely affect our results
of operations and cash flows; (4) we may have to undertake further
restructuring plans that would require additional charges; (5) if
we are unable to adapt to changes in technology and customer
demands, we may not remain competitive, and our revenues and
operating results could suffer; (6) we may be unable to
successfully divest non-strategic products, which could adversely
affect our results of operations; (7) that we may be unable to
successfully make or integrate acquisitions, which could adversely
affect our results of operations; (8) we face significant
competition in the communications and managed services industry
that could reduce our profitability; (9) failure to retain existing
customers could adversely affect our results of operations and cash
flows; (10) decisions by legislative or regulatory authorities,
including the Federal Communications Commission relieving incumbent
carriers of certain regulatory requirements, and possible further
deregulation in the future, may restrict our ability to provide
services and may increase the costs we incur to provide these
services; (11) if we are unable to interconnect with AT&T,
Verizon and other incumbent carriers on acceptable terms, our
ability to offer competitively priced local telephone services will
be adversely affected; (12) our operating performance will suffer
if we are not offered competitive rates for the access services we
need to provide our long distance services; (13) we may experience
reductions in switched access and reciprocal compensation revenue;
(14) failure to obtain and maintain necessary permits and
rights-of-way could interfere with our network infrastructure and
operations; (15) we have substantial business relationships with
several large telecommunications carriers, and some of our customer
agreements may not continue due to financial difficulty,
acquisitions, non-renewal or other factors, which could adversely
affect our wholesale revenue and results of operations; (16) we
obtain a majority of our network equipment and software from a
limited number of third-party suppliers; (17) our commercial and
alliance arrangements may not be renewed or may not generate
expected benefits, which could adversely affect our results of
operations; (18) our consumer business is dependent on the
availability of third-party network service providers; (19) we face
significant competition in the Internet access industry that could
reduce our profitability; (20) the continued decline of our
consumer access subscribers will adversely affect our results of
operations; (21) potential regulation of Internet service providers
could adversely affect our operations; (22) cyber security breaches
could harm our business; (23) privacy concerns relating to our
business could damage our reputation and deter current and
potential users from using our services; (24) interruption or
failure of our network, information systems or other technologies
could impair our ability to provide our services, which could
damage our reputation and harm our operating results; (25) our
business depends on effective business support systems and
processes; (26) if we, or other industry participants, are unable
to successfully defend against disputes or legal actions, we could
face substantial liabilities or suffer harm to our financial and
operational prospects; (27) we may be accused of infringing upon
the intellectual property rights of third parties, which is costly
to defend and could limit our ability to use certain technologies
in the future; (28) we may not be able to protect our intellectual
property; (29) we may be unable to hire and retain sufficient
qualified personnel, and the loss of any of our key executive
officers could adversely affect us; (30) unfavorable general
economic conditions could harm our business; (31) government
regulations could adversely affect our business or force us to
change our business practices; (32) our business may suffer if
third parties are unable to provide services or terminate their
relationships with us; (33) we may be required to recognize
impairment charges on our goodwill and other intangible assets,
which would adversely affect our results of operations and
financial position; (34) we may have exposure to greater than
anticipated tax liabilities and we may be limited in the use of our
net operating losses and certain other tax attributes in the
future; (35) our indebtedness could adversely affect our financial
health and limit our ability to react to changes in our business
and industry; (36) we may require substantial capital to support
business growth, and this capital may not be available to us on
acceptable terms, or at all; (37) our debt agreements include
restrictive covenants, and failure to comply with these covenants
could trigger acceleration of payment of outstanding indebtedness;
(38) we may reduce, or cease payment of, quarterly cash dividends;
(39) our stock price may be volatile; (40) provisions of our
certificate of incorporation, bylaws and other elements of our
capital structure could limit our share price and delay a change of
control of the company; and (41) our bylaws designate the Court of
Chancery of the State of Delaware
as the sole and exclusive forum for certain types of actions and
proceedings that may be initiated by our stockholders, which could
limit our stockholders' flexibility in obtaining a judicial forum
for disputes with us or our directors, officers or employees. These
risks and uncertainties, as well as other risks and uncertainties
that could cause our actual results to differ significantly from
management's expectations, are not intended to represent a complete
list of all risks and uncertainties inherent in our business, and
should be read in conjunction with the more detailed cautionary
statements and risk factors included in our Annual Report on
Form 10-K for the year ended December 31, 2014.
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SOURCE EarthLink