Broadwing Appoints Stephen E. Courter New CEO and Director
July 25 2006 - 8:30AM
Business Wire
Broadwing Corporation (NASDAQ: BWNG), today announced that the
Company's Board of Directors has appointed Stephen E. Courter as
the Chief Executive Officer for Broadwing Corporation, a leading
supplier of innovative data, voice and media solutions for both
enterprises and service providers. He will also join the
Corporation's Board of Directors. Mr. Courter brings over 20 years
of telecommunications, financial and international experience to
his new position. He led fiber-optic service provider Neon
Communications, Inc., as CEO and Chairman until its merger with
Globix Corporation in 2005. At Neon, he expanded the customer base,
strengthened the balance sheet and guided the company through four
consecutive years of steady revenue growth. Prior to Neon, Mr.
Courter served as CEO of Enertel in Rotterdam, The Netherlands, and
was also a Vice President for Sprint and Sprint International.
Earlier in his career, he held positions with IBM and KPMG after
serving as a Captain in the United Sates Army, a tour that included
service during Operation Desert Storm. He is a graduate of
Pennsylvania State University and holds an MBA from George
Washington University. "We believe Mr. Courter's knowledge and
leadership approach will enable Broadwing to build on its
reputation for providing effective communications solutions. He has
a proven record of success and significant experience in the
telecommunications industry. He has demonstrated that he is a
customer-focused team player able to grow revenue and improve
operations," said Donald R. Walker, chair of the Board's Nominating
and Governance Committee. "I look forward to working with the
entire Broadwing team to help our company to capitalize on the
opportunities I see ahead of us," said Mr. Courter. Mr. Courter
will assume his duties as CEO immediately. He succeeds Dr. David
Huber, Chairman of the Board, who transitioned out of the CEO role
earlier this year. Mr. Courter will be supported by the senior
management team that has operated Broadwing in the interim, a team
comprised of Scott Widham, President of Sales & Marketing; Lynn
D. Anderson, Chief Financial Officer; and Kim Larsen, Senior Vice
President, M&A/Corporate Development and General Counsel. About
Broadwing Corporation Broadwing Corporation, through its
consolidated subsidiary Broadwing Communications, LLC, delivers
innovative data, voice, and media solutions to enterprises and
service providers. Enabled by its leading-edge optical network and
award-winning products and services, Broadwing Communications
provides communications solutions with unparalleled customer focus
and speed. For more information, visit www.broadwing.com. Broadwing
and its logo are trademarks and/or service marks of Broadwing
Communications, LLC, and/or Broadwing Corporation. All trademarks
and service marks not belonging to Broadwing are the property of
their respective owners. Investor Note Regarding Forward-Looking
Statements Statements in this press release regarding Broadwing
Corporation and/or Broadwing Communications, LLC (collectively
"Broadwing"), that are not statements of historical fact may
include forward-looking statements, and statements regarding
Broadwing's beliefs, plans, expectations or intentions regarding
the future are forward-looking statements, within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended. All such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Broadwing's actual results could differ materially from these
statements.
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