Ascent Capital Group Announces Executive Leadership Changes
April 05 2018 - 5:00PM
William Niles Named Chief Executive Officer
Ascent Capital Group Inc. (“Ascent” or the “Company”)
(Nasdaq:ASCMA) announced today that William Fitzgerald has stepped
down as Chief Executive Officer (“CEO”) of Ascent, however, he will
continue in his role as Chairman of the Board. Ascent’s Board of
Directors has appointed William Niles, currently Executive Vice
President and General Counsel and Secretary of Ascent, as
CEO. Mr. Niles will continue to serve as the General Counsel
and Secretary of the Company.
“Bill and I have been partners together at
Ascent for nearly 18 years and I have tremendous respect for him
and all he has provided the company during that time,” said William
Fitzgerald, Chairman of Ascent Capital Group. “I’m confident he
will serve us very well in his new capacity as CEO.”
Mr. Niles has served as Executive Vice President and General
Counsel and Secretary of the Company, since its inception in 2008
and as a director of MONI Smart Security since its acquisition by
Ascent Capital Group, Inc. in 2010. Prior to 2008, Mr. Niles served
as Executive Vice President and General Counsel of Ascent Media
Group Inc., (“AMG”) and as a director of AMG’s respective
operating subsidiaries. Mr. Niles also served as
co-managing director of AMG from 2006 to 2008.
About Ascent Capital Group,
Inc.
Ascent Capital Group, Inc., (NASDAQ:ASCMA) is a
holding company that owns 100 percent of its operating subsidiary,
MONI, and through MONI, LiveWatch Security, LLC. MONI,
headquartered in the Dallas Fort-Worth area, secures approximately
one million residential customers and commercial client accounts
with monitored home and business security system services. MONI is
supported by one of the nation’s largest networks of independent
Authorized Dealers, providing products and support to customers in
the U.S., Canada and Puerto Rico. LiveWatch Security, LLC ®,
is a Do-It-Yourself (“DIY”) home security firm, offering
professionally monitored security services through a
direct-to-consumer sales channel. For more information on Ascent,
see http://ascentcapitalgroupinc.com/.
Contact:
Erica Bartsch
Sloane &
Company
212-446-1875
ebartsch@sloanepr.com
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