NORWALK, Conn.--(BUSINESS WIRE)--
Frontier Communications Corporation (NASDAQ:FTR) today announced that
Robert A. Schriesheim and Michael R. McDonnell have been elected to join
the Company’s Board of Directors. As previously announced, Leroy T.
Barnes, one of the Board’s longest-serving members, will be retiring
from the Board after 14 years of service, effective May 7, 2019.
Mr. Schriesheim is a seasoned business leader with a public track record
driving large-scale strategic and financial transformations focusing on
value creation, executing complex capital markets transactions and
maintaining strong relationships with a wide range of debt and equity
investors in the public and private markets. He is chairman of Truax
Partners LLC (“Truax”) through which he partners with, and advises,
boards and institutional investors while serving as a director of public
and private companies undergoing transformations, with significant
experience in the information services, software and communications
sectors.
Mr. McDonnell has extensive financial and leadership experience. He is
currently executive vice president and chief financial officer of IQVIA
Holdings, Inc., a publicly traded leading global provider of advanced
analytics, technology solutions and contract research services to the
life sciences industry. From 2015, McDonnell was Executive Vice
President and Chief Financial Officer of Quintiles Transnational Corp.,
a contract research services company that merged with IMS Health in 2016
to form IQVIA.
Pamela D.A. Reeve, Frontier’s Chairman, said, “We are extremely pleased
to have both Rob and Mike join the Board at this time. Each of them has
deep experience in helping companies manage change and create value for
stakeholders. They are well-respected in financial circles as well as
other boardrooms. We are looking forward to working with them and to
their contributions to Frontier.”
Prior to forming Truax, Mr. Schriesheim was executive vice president and
chief financial officer of Sears Holdings Corporation from August 2011
to October 2016 and then served as a Corporate Advisor until January
2017. Before joining Sears, Mr. Schriesheim was Senior Vice President
and Chief Financial Officer of Hewitt Associates, a global human
resources consulting and outsourcing company that was acquired by Aon in
October 2010. From 2006 to 2009, he was Executive Vice President and
Chief Financial Officer and, until its acquisition, a board member of
Lawson Software, a publicly traded global ERP software provider.
Schriesheim held several other positions as an investor and financial
executive prior to joining Lawson. In addition, Schriesheim has
significant public company board experience, and currently serves on the
Board of Directors of Skyworks Solutions, Inc., Houlihan Lokey, Inc. and
NII Holdings, Inc. He has an undergraduate degree from Princeton
University and an MBA from the University of Chicago Booth School of
Business.
Prior to joining Quintiles, McDonnell served as Executive Vice President
and Chief Financial Officer of Intelstat, S.A., a leading global
satellite services provider, from 2008 to 2015. Before that, he was
Chief Financial Officer at both MCG Capital Corporation and EchoStar
Communications (DishNetwork), and earlier in his career was a partner at
Pricewaterhouse Coopers, LLP. McDonnell was previously a director at
public company Catalyst Health Solutions, Inc. He has a B.S. in business
administration from Georgetown University.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181212005820/en/
Investors:
Luke
Szymczak, 203-614-5044
Vice President, Investor Relations
luke.szymczak@ftr.com
or
Media:
Brigid
Smith, 203-614-5042
AVP, Corporate Communications
brigid.smith@ftr.com
Source: Frontier Communications Corporation