STAMFORD, Conn.--(BUSINESS WIRE)--
Frontier Communications Corporation (NYSE: FTR) announced today that Ken
Arndt will become Senior Vice President and General Manager of its
Southeast Region, responsible for operations in Alabama, Florida,
Georgia, Mississippi, Tennessee and West Virginia. The headquarters for
the Southeast Region will be located in Charleston, West Virginia. The
appointment is effective January 2010.
"Ken has demonstrated outstanding leadership during his tenure at
Frontier," said Maggie Wilderotter, Chairman and CEO. "He is a strong
advocate for customers, especially in rural areas, and understands our
products and services and how they can make life better for those we
serve. He knows the value of a local presence, strong relationships and
a commitment to the community." Ms. Wilderotter added, "I am delighted
that our Southeast Region will be in such capable hands and that Ken
will lend his expertise to West Virginia as Frontier and Verizon work
towards a smooth transition of responsibilities."
That transition will come upon completion of Frontier's acquisition of
assets from Verizon Communications. On May 13, 2009, Frontier announced
an agreement to acquire assets in 14 states from Verizon. The
transaction is subject to approval by Frontier shareholders and the
satisfaction of customary closing conditions and regulatory approvals.
Upon closing, Arndt will also be responsible for the company's new
operations in North Carolina and South Carolina. The transaction will
significantly increase Frontier's presence in West Virginia, making it
the incumbent local exchange carrier (ILEC) in the state. Arndt will be
actively involved in the West Virginia integration planning for the
balance of 2009 before assuming his new position in 2010.
Arndt joined Frontier in October 2003 as State Vice President and
General Manager for the Southeast Territory. In January 2005 he became
State Vice President and General Manager of Frontier's New York Region.
In June 2005, he became Vice President, Sales and Marketing for the East
Region and then Vice President and General Manager of its Pennsylvania
operations, a position he held until March 2008 when he was promoted to
Senior Vice President/General Manager, Call Center Sales & Service.
Arndt is responsible for all call center operations for the company,
including sales and service to residential and business customers,
Internet customer support, and employee training and management of
Frontier's virtual Work-At-Home center; call centers in DeLand, Florida,
Burnsville, Minnesota, and Wilkes-Barre, Pennsylvania and an Operator
Services center in Rochester, New York.
Before joining Frontier, Arndt was Vice President of Marketing for
Lucent Technologies and before that, Vice President of Sales and
Marketing for Commonwealth Telephone Company in Pennsylvania. He earned
a B.S. in Marketing from Trinity University in San Antonio, Texas and an
M.B.A. in Marketing from St. John College, Middlesex School of Business,
in London.
More information about Frontier Communications is available at www.frontier.com.
Forward-Looking Language
This press release contains forward-looking statements that are made
pursuant to the safe harbor provisions of The Private Securities
Litigation Reform Act of 1995. These statements speak only as of the
date of this communication and are made on the basis of management's
views and assumptions regarding future events and business performance.
Words such as "believe," "anticipate," "expect" and similar expressions
are intended to identify forward-looking statements. Forward-looking
statements (including oral representations) involve risks and
uncertainties that may cause actual results to differ materially from
any future results, performance or achievements expressed or implied by
such statements. These risks and uncertainties are based on a number of
factors, including but not limited to: our ability to complete the
acquisition of access lines from Verizon; our ability to successfully
integrate the Verizon operations and to realize the synergies from the
acquisition; failure to obtain, delays in obtaining or adverse
conditions contained in any required regulatory approvals for the
merger; the failure to obtain our stockholders' approval; the receipt of
an IRS ruing approving the tax-free status of the transaction;
reductions in the number of our access lines and high-speed internet
subscribers; the effects of competition from cable, wireless and other
wireline carriers (through voice over internet protocol (VOIP) or
otherwise); reductions in switched access revenues as a result of
regulation, competition and/or technology substitutions; the effects of
greater than anticipated competition requiring new pricing, marketing
strategies or new product offerings and the risk that we will not
respond on a timely or profitable basis; the effects of changes in both
general and local economic conditions on the markets we serve, which can
impact demand for our products and services, customer purchasing
decisions, collectability of revenue and required levels of capital
expenditures related to new construction of residences and businesses;
our ability to effectively manage service quality; our ability to
successfully introduce new product offerings, including our ability to
offer bundled service packages on terms that are both profitable to us
and attractive to our customers; our ability to sell enhanced and data
services in order to offset ongoing declines in revenue from local
services, switched access services and subsidies; changes in accounting
policies or practices adopted voluntarily or as required by generally
accepted accounting principles or regulators; the effects of ongoing
changes in the regulation of the communications industry as a result of
federal and state legislation and regulation, including potential
changes in state rate of return limitations on our earnings, access
charges and subsidy payments, and regulatory network upgrade and
reliability requirements; our ability to effectively manage our
operations, operating expenses and capital expenditures, to pay
dividends and to reduce or refinance our debt; adverse changes in the
credit markets and/or in the ratings given to our debt securities by
nationally accredited ratings organizations, which could limit or
restrict the availability, and/or increase the cost, of financing; the
effects of bankruptcies and home foreclosures, which could result in
increased bad debts; the effects of technological changes and
competition on our capital expenditures and product and service
offerings, including the lack of assurance that our ongoing network
improvements will be sufficient to meet or exceed the capabilities and
quality of competing networks; the effects of increased medical, retiree
and pension expenses and related funding requirements; changes in income
tax rates, tax laws, regulations or rulings, and/or federal or state tax
assessments; further declines in the value of our pension plan assets,
which could require us to make contributions to the pension plan
beginning in 2010, at the earliest; the effects of state regulatory cash
management policies on our ability to transfer cash among our
subsidiaries and to the parent company; our ability to successfully
renegotiate union contracts expiring in 2009 and thereafter; our ability
to pay dividends in respect of our common shares, which may be affected
by our cash flow from operations, amount of capital expenditures, debt
service requirements, cash paid for income taxes (which will increase in
2009) and our liquidity; the effects of increased cash taxes in 2009 and
thereafter; the effects of any unfavorable outcome with respect to any
of our current or future legal, governmental, or regulatory proceedings,
audits or disputes; the possible impact of adverse changes in political
or other external factors over which we have no control; and the effects
of hurricanes, ice storms or other severe weather. These and other
uncertainties related to our business are described in greater detail in
our filings with the Securities and Exchange Commission (SEC), including
our reports on Forms 10-K and 10-Q. There also can be no assurance that
the proposed transaction will in fact be consummated. We undertake no
obligation to publicly update or revise any forward-looking statement or
to make any other forward-looking statements, whether as a result of new
information, future events or otherwise unless required to do so by
securities laws.
Additional Information and Where to Find it
This press release is not a substitute for the prospectus/proxy
statement Frontier will file with the SEC. We urge investors to read the
prospectus/proxy statement, which will contain important information,
including detailed risk factors, when it becomes available. The
prospectus/proxy statement and other documents which will be filed by
Frontier with the SEC will be available free of charge at the SEC's
website, www.sec.gov,
or by directing a request when such a filing is made to Frontier, 3 High
Ridge Park, Stamford, CT 06905-1390, Attention: Investor Relations.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy securities, nor shall there be any sale
of securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction.
Frontier and certain of its directors, executive officers and other
members of management and employees may, under SEC rules, be deemed to
be "participants" in the solicitation of proxies in connection with the
proposed transactions. Information about the directors and executive
officers of Frontier is set forth in the proxy statement for Frontier's
2009 annual meeting of stockholders filed with the SEC on April 6, 2009.
Source: Frontier Communications Corporation
Contact: Frontier Communications Corporation
Steve Crosby, 916-686-3333
Steven.Crosby@frontiercorp.com