NORWALK, Conn.--(BUSINESS WIRE)--
Frontier Communications Corporation (NASDAQ: FTR) announced today that
R. Perley McBride, its Executive Vice President and Chief Financial
Officer, will be resigning from the company for personal reasons, and to
return to Atlanta where his family resides. Mr. McBride will remain in
his position until August 31, 2018 to help transition
responsibilities. A search for his successor is being conducted.
Frontier’s President and Chief Executive Officer Daniel J. McCarthy
stated, “We announce Perley’s resignation with regret. He has been a
major contributor to our company during pivotal times. In particular,
Perley has done a tremendous job managing our balance sheet. He has
negotiated improvements in the terms of our credit agreements, raised
$1.6 billion of new second lien debt, and retired approximately $1.7
billion of unsecured notes. These steps, together with the stabilization
in our business as reflected in our most recent quarterly results, have
placed Frontier on a positive path forward. On behalf of everyone at
Frontier, I wish Perley and his family the best in the future.”
About Frontier Communications
Frontier Communications Corporation (NASDAQ:FTR) is a leader in
providing communications services to urban, suburban, and rural
communities in 29 states. Frontier offers a variety of services to
residential customers over its fiber-optic and copper networks,
including video, high-speed internet, advanced voice, and Frontier Secure®
digital protection solutions. Frontier Business offers communications
solutions to small, medium, and enterprise businesses. More information
about Frontier is available at www.frontier.com.
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Frontier Communications Corporation
Investors:
Luke
Szymczak, 203-614-5044
VP, Investor Relations
luke.szymczak@ftr.com
or
Media:
Brigid
Smith, 203-614-5042
AVP, Corporate Communications
brigid.smith@ftr.com
Source: Frontier Communications Corporation