Inteliquent Announces Departure of CEO G. Edward Evans
January 16 2015 - 4:05PM
Inteliquent, Inc. (Nasdaq:IQNT), a leading provider of voice
services, announced today that G. Edward Evans will be departing as
the Company's Chief Executive Officer in order to pursue other
interests. Mr. Evans' employment agreement is set to expire on
March 31, 2015. However, the Company and Mr. Evans anticipate that
Mr. Evans will continue to act as the Company's Chief Executive
Officer beyond such date if necessary to permit the Company to
complete a nationwide search for his successor. In addition, it is
anticipated that Mr. Evans will resign as a member of the Company's
Board of Directors upon his departure as Chief Executive Officer.
"I would like to thank all of Inteliquent's employees for their
hard work during my tenure as CEO," said Mr. Evans. "I am
exceptionally proud of all that we have accomplished. Due to our
employees' tireless efforts, we have enjoyed great success over the
past few years, and I expect that will continue into the
future."
"On behalf of the other directors, I would like to express our
appreciation to Ed Evans for his many outstanding contributions to
Inteliquent," said Jim Hynes, Founder and Chairman of Inteliquent.
"We were fortunate to have him lead us to many notable achievements
since his appointment as CEO in April 2011, including the sale of
our global data business and the implementation of our recurring
dividend program. I am confident that our nationwide search will
produce a candidate who can lead us to the next stage of our
development."
Cautionary Statement Regarding
Forward-Looking Statements
This press release contains "forward-looking statements" that
involve substantial risks and uncertainties. All statements, other
than statements of historical fact, included in this press release
are forward-looking statements. The words "anticipates,"
"believes," "efforts," "expects," "estimates," "projects,"
"proposed," "plans," "intends," "may," "will," "would," and similar
expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain these
identifying words. Actual results or events could differ materially
from the plans, intentions and expectations disclosed in the
forward-looking statements we make. Factors that might cause such
differences include, but are not limited to: our ability to
identify and successfully attract a highly qualified successor to
our Chief Executive Officer and his or her future performance; the
length of time required to complete an executive search;
cooperation by key parties during the Chief Executive Officer
transition process; and other important factors included in our
reports filed with the Securities and Exchange Commission,
particularly in the "Risk Factors" section of our Annual Report on
Form 10-K for the period ended December 31, 2013, as such Risk
Factors may be updated from time to time in subsequent reports.
Furthermore, such forward-looking statements speak only as of the
date of this press release. We undertake no obligation to update
any forward-looking statements to reflect events or circumstances
after the date of such statements.
About Inteliquent
Inteliquent is a leading provider of wholesale voice services
for carriers and service providers. Inteliquent is used by nearly
all national and regional wireless carriers, cable companies and
CLECs in the markets it serves, and its network carries
approximately eleven billion minutes of traffic per month. Please
visit Inteliquent's website at www.inteliquent.com and follow us on
Twitter @Inteliquent.
CONTACT: Investor Contact:
Kurt Abkemeier
investorrelations@inteliquent.com
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