STAMFORD, Conn.--(BUSINESS WIRE)--
Frontier Communications Corporation (NASDAQ: FTR) announced today that
Don Shassian, its Executive Vice President and Chief Financial Officer,
will be resigning from the company. Mr. Shassian will remain in his
current position as Chief Financial Officer through the year-end 2012
closing process and filing of the year-end financial statements and
certifications on February 26, 2013. He will be succeeded by John M.
Jureller who will join the company on January 7, 2013 and become Chief
Financial Officer on February 27, 2013. Mr. Shassian will remain with
Frontier until March 31, 2013 to help transition responsibilities.
Frontier’s Chairman and Chief Executive Officer Maggie Wilderotter said,
“We announce Don’s resignation with regret. He has been a major
contributor to our company during pivotal times. In addition to helping
spearhead major acquisitions and system conversions, he did a great job
managing our balance sheet and interfacing with all of our
shareholders.” Mrs. Wilderotter recognized Mr. Shassian’s overall
leadership and his contributions to Frontier during his nearly
seven-year tenure.
Mrs. Wilderotter added, "On behalf of everyone at Frontier, we wish Don
and his family the best in their future endeavors. We appreciate all he
has done for Frontier during a time that included company-wide
transformation. We tripled in size in 2010, and thanks to Don’s astute
oversight we completed key system conversions almost a year ahead of
schedule, resulting in increased synergies savings and improved
processes.” Mr. Shassian will leave Frontier with the integration of the
Verizon acquisition complete, including $650 million of realized
synergies.
Mr. Shassian stated, "I am glad to have had the opportunity to work with
Maggie and the team at Frontier. My decision to resign allows me to
explore the next chapter in my career now that the transition of all our
systems to the Frontier platform is complete. I am very pleased about
what we have accomplished at Frontier as a team and very proud of my
contributions to its overall growth into a FORTUNE 500 company. I wish
everyone at Frontier success and look forward to helping John in the
transition of responsibilities."
About Frontier Communications
Frontier Communications Corporation (NASDAQ: FTR) is an S&P 500 company
and is included in the FORTUNE 500 list of America’s largest
corporations. Frontier offers broadband, voice, satellite video,
wireless Internet data access, data security solutions, bundled
offerings and specialized bundles for residential customers, small
businesses and home offices and advanced business communications for
medium and large businesses in 27 states. Frontier’s approximately
15,300 employees are based entirely in the United States. More
information is available at www.frontier.com.
Frontier Communications Corporation
Robert Starr, 203-614-5708
SVP
& Treasurer
robert.starr@ftr.com
or
Steve
Crosby, 916-206-8198
SVP, Government Affairs & Public Relations
steven.crosby@ftr.com
Source: Frontier Communications Corporation