Alltel Announces Board Appointments to Windstream Corporation
May 11 2006 - 9:00AM
Business Wire
Alltel (NYSE: AT) today announced five appointments to the board of
directors of Windstream Corporation, the new company to be formed
through the spinoff of Alltel's landline business and merger with
VALOR Communications Group. The new appointees are expected to
qualify as independent board members under New York Stock Exchange
listing requirements. "We are very pleased to have such an
impressive and experienced group of business leaders serve on our
board to complement the strong management team we have put together
for the new company," said Jeff Gardner, president and CEO of
Windstream Corporation. Alltel will appoint the new board members
to Alltel Holding Corp., prior to the spinoff and merger, and the
board of Alltel Holding Corp. will become the board of Windstream
Corporation effective on the closing of the merger with VALOR. The
board appointments include: Anthony J. de Nicola, 41, a general
partner of Welsh, Carson, Anderson & Stowe and current chairman
of the board of VALOR. He is also a member of the boards of
directors of Centennial Communications Corp., ITC Deltacom, Inc.,
R.H. Donnelly and several private companies. Jeffrey T. Hinson, 51,
a financial consultant and former executive vice president and
chief financial officer of Univision Communications Inc., a Spanish
language media company. He is also a director and chairman of the
audit committee of Live Nation, which is a NYSE-listed company that
was spun off by Clear Channel Communications, Inc., in December
2005. Judy K. Jones, 62, board member of the Lovelace Respiratory
Research Institute and former associate vice president for
strategic initiatives for the University of New Mexico Health
Sciences Center and vice president for advancement for the
University of New Mexico. William A. Montgomery, 57, a private
investor and former chief executive officer of SA-SO Company, a
distributor of municipal and traffic control products based in
Dallas. He is also a director of Empress Hair Care, a private
company that manufactures hair products based in Irving, Texas.
Frank E. Reed, 71, former president and chief executive officer of
CoreStates Philadelphia National Bank and Alltel board member from
1998 to 2005, where he was chairman of the audit committee from
1999 to 2005. He is also a director of Harleysville Group, Inc. One
additional board member will be announced at a later date. As
previously announced, Francis X. "Skip" Frantz, former executive
vice president and secretary of Alltel, will serve as board
chairman, and Dennis E. Foster, 65, a principal in Foster
Thoroughbred Investments and former Alltel board member from 1998
through April 2006, will serve as lead director. Foster is also a
director of YRCW (Yellow Roadway Corporation Worldwide) and
NiSource Inc. Gardner also will serve on the Windstream board. On
Dec. 9, Alltel announced that it would spin off its landline
business and merge it with VALOR Communications Group. The
combination will create a major voice, broadband and entertainment
services company focused on the rural U.S. The new company expects
to trade on the New York Stock Exchange under the ticker symbol
"WIN" upon close of the transaction, which is expected to be
completed by mid-year. About Windstream Communications After
separating from Alltel and merging with VALOR Communications Group,
Windstream Communications will provide voice, broadband and
entertainment services to customers in 16 states. The company will
have approximately 3.4 million access lines and about $3.4 billion
in annual revenues. For more information, visit
www.windstreamcomm.com. About Alltel Alltel is a customer-focused
communications company with more than 15 million customers in 36
states and nearly $10 billion in annual revenues.
Atlantic Power (NYSE:AT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Atlantic Power (NYSE:AT)
Historical Stock Chart
From Jul 2023 to Jul 2024