Dec 30, 2002 : XO Announces Management Transitions
📅 - Communications carrier XO Communications Inc. (XO.com 👉 Total Reviews: 5
🙌 Average Rating: 1 / 10
👍 Good Reviews: 0
👎 Bad Reviews: 5
👈 Official Responses: 0) announced on Friday that its chairman and chief executive officer Daniel F. Ackerson has decided to step down from his position with the company following the completion of XO's financial restructuring.
Ackerson, who joined the company as chairman and CEO in September of 1999, has been the driving forve behind the restructuring of the company over the past year, says XO. He will continue to serve as a consultant to the company, which is expected to complete its restructuring, pending certain state and federal regulatory approvals.
Following the restructuring, entities controlled by financier Carl C. Icahn will hold a controlling interest in XO Communications.
"I am confident that I will be leaving the Company in good hands," says Ackerson, who is leaving to pursue other business interests and spend more time with his family. "The operational skills that [president and chief operating officer] Nate Davis and the rest of the XO team bring to the table, combined with the financial resources and expertise of Carl Icahn and his organization, should position XO as a formidable force in the industry."
🙌 Average Rating: 1 / 10
👍 Good Reviews: 0
👎 Bad Reviews: 5
👈 Official Responses: 0) announced on Friday that its chairman and chief executive officer Daniel F. Ackerson has decided to step down from his position with the company following the completion of XO's financial restructuring.
Ackerson, who joined the company as chairman and CEO in September of 1999, has been the driving forve behind the restructuring of the company over the past year, says XO. He will continue to serve as a consultant to the company, which is expected to complete its restructuring, pending certain state and federal regulatory approvals.
Following the restructuring, entities controlled by financier Carl C. Icahn will hold a controlling interest in XO Communications.
"I am confident that I will be leaving the Company in good hands," says Ackerson, who is leaving to pursue other business interests and spend more time with his family. "The operational skills that [president and chief operating officer] Nate Davis and the rest of the XO team bring to the table, combined with the financial resources and expertise of Carl Icahn and his organization, should position XO as a formidable force in the industry."
URL source: http://www.thewhir.com/marketwatch/xoc123002.cfm
Company: XO Communications
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!