Frontier Communications Announces Planned Board Chairman Succession
January 04 2016 - 12:00PM
Business Wire
Frontier Communications Corporation (NASDAQ:FTR) today announced
its planned succession in the leadership of its Board of Directors,
effective April 1, 2016. Maggie Wilderotter, the Company’s CEO for
ten and one-half years and its Executive Chairman since April 1,
2015, will be succeeded as Chairman by Pamela D. A. Reeve.
Reeve joined the Frontier Communications Board in 2010 and
currently serves as Lead Director. During her 15 year tenure at
Lightbridge, Inc., a global provider of mobile business software
and technology solutions, Reeve held executive positions including
President and Chief Executive Officer. She currently serves as a
director on the boards of Sonus Networks, Inc. and American Tower
Corporation, where she is also Lead Director.
Wilderotter said, “Pam’s strong leadership skills, extensive
background in telecommunications and technology, as well as her
tenure on Frontier’s board, make her the right choice to serve as
Frontier’s new Chairman. With our transformative Verizon
acquisition solidly on track, the Board is comfortable moving
forward as planned with an independent Chairman of the Board in
2016.”
CEO Dan McCarthy said, “I wish to thank Maggie for her
extraordinary contributions to our Company. The Frontier
Communications of today bears little resemblance to the regional
telephone company that Maggie joined to lead in 2004. Today,
Frontier is a national Internet and telecom services provider with
operations in 28 states and nearly 8.5 million addressable
households. We are on the cusp of doubling in size and further
transforming the Company when we close and integrate high-quality
Verizon assets in California, Texas and Florida in 2016. Maggie has
provided outstanding leadership and we wish her and her family all
the best.”
About Frontier Communications
Frontier Communications Corporation (NASDAQ:FTR) offers
broadband, voice, video, wireless Internet data access, data
security solutions, bundled offerings, specialized bundles for
residential customers, small businesses and home offices and
advanced communications for medium and large businesses in 28
states. Frontier’s approximately 18,600 employees are based
entirely in the United States. More information is available at
www.frontier.com.
Forward-Looking Statements
This document contains "forward-looking statements," related to
future, not past, events. Forward-looking statements address our
expected future business and financial performance and financial
condition, and contain words such as "expect," "anticipate,"
"intend," "plan," "believe," "seek," "see," "will," "would," or
"target." Forward-looking statements by their nature address
matters that are, to different degrees, uncertain. These risks and
uncertainties include, but are not limited to: Frontier’s ability
to complete the acquisition of Verizon’s California, Florida and
Texas wireline operations, including the ability to complete the
financing of the acquisition; the ability to successfully integrate
the acquired operations into Frontier’s existing operations; the
sufficiency of the assets to be acquired from Verizon to enable the
combined company to operate the acquired business; the ability to
enter into or obtain, or delays in entering into or obtaining,
certain agreements and consents necessary to operate the acquired
business as planned; and the other factors that are described in
our filings with the U.S. Securities and Exchange Commission,
including our reports on Forms 10-K and 10-Q. These risks and
uncertainties may cause our actual future results to be materially
different than those expressed in our forward-looking statements.
We do not undertake to update or revise these forward-looking
statements.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160104006134/en/
Frontier Communications CorporationInvestors:Luke Szymczak,
203-614-5044Vice President, Investor
Relationsluke.szymczak@ftr.comorMedia:Brigid Smith, 203-614-5042AVP,
Corporate Communicationsbrigid.smith@ftr.com
Frontier Communications (NASDAQ:FTR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Frontier Communications (NASDAQ:FTR)
Historical Stock Chart
From Apr 2023 to Apr 2024