1 Jan
2021

FairPoint appoints Hauser as new CEO

first_imgConsolidated Communications,FairPoint Communications, Inc. (NYSE: FRP) announced today its Board of Directors has appointed David L. Hauser to the position of Chairman and Chief Executive Officer. Hauser most recently served as group executive and chief financial officer at Duke Energy Corporation (NYSE: DUK). Hauser has been a member of FairPoint s Board of Directors since February 2005, serving as a director, chairman of the Compensation Committee and a member of the Audit Committee. Hauser, 57, will assume his new responsibilities upon the retirement of FairPoint Chairman and CEO Eugene B. Johnson, effective July 1, 2009. Johnson had earlier indicated his intentions to retire. David s past experience, financial acumen and extensive public company experience will be instrumental in successfully realizing the growth and opportunities that we envision for FairPoint, said Jane E. Bonnie Newman, lead director of FairPoint. He will be passionately focused on customers and shareholders alike.Hauser joined Duke Energy (then Duke Power) in 1973. He held numerous positions throughout the company including senior vice president of global asset development. He also managed the fleet, warehousing and procurement divisions. In June 1998, he was named senior vice president and treasurer. He became acting chief financial officer in November 2003. Hauser was named group vice president and chief financial officer in February 2004 and was named to his most recent position in April 2006. FairPoint is a dynamic, customer-focused organization that can and will respond to the challenges that it faces today, said Hauser. There is no doubt in my mind that we will be successful in the markets we serve, and that our employees will continue to be the driver and backbone of that success.Hauser continued, While it is gratifying to be named chairman and CEO of this longstanding organization, I am very aware of the operational and financial concerns surrounding the company. My primary focus will be to address these concerns in quick succession and empower our team to seek and implement solutions. There is a lot of work to be done, and I am looking forward to getting started. David has done it all, commented Johnson. From operations to finance, there are numerous aspects of the enterprise that he has touched. This, coupled with his experience on FairPoint s Board of Directors, makes him the ideal choice for our new Chairman and CEO. I am thrilled to hand the reigns over to him. As I assume this new role, I offer my thanks to Gene as he was the driving force behind the company s growth for close to 20 years, punctuated by FairPoint s acquisition of the northern New England properties. On behalf of the Board and the employees, I wish to thank Gene for his tireless efforts.A native of High Point, N.C., Hauser graduated from Furman University in South Carolina with a Bachelor of Arts degree in business administration. He received a Master of Business Administration degree from the University of North Carolina at Charlotte. He completed the Executive Program of Professional Management Education at the University of North Carolina at Chapel Hill.Hauser serves on the board of EnPro Industries, Inc. He is a member of the boards of trustees of Furman University and the North Carolina Blumenthal Performing Arts Center. He is also a member of the Business Advisory Council for the University of North Carolina at Charlotte, and the North Carolina Association of Certified Public Accountants.About FairPointFairPoint Communications, Inc. is an industry leading provider of communications services to communities across the country. Today, FairPoint owns and operates local exchange companies in 18 states offering advanced communications with a personal touch, including local and long distance voice, data, Internet, television and broadband services. FairPoint is traded on the New York Stock Exchange under the symbol FRP. Learn more at www.fairpoint.com(link is external).This press release may contain forward-looking statements by FairPoint that are not based on historical fact, including, without limitation, statements containing the words “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions and statements. Because these forward-looking statements involve known and unknown risks and uncertainties, there are important factors that could cause actual results, events or developments to differ materially from those expressed or implied by these forward-looking statements. Such factors include those risks described from time to time in FairPoint’s filings with the Securities and Exchange Commission (“SEC”), including, without limitation, the risks described in FairPoint’s most recent Annual Report on Form 10-K on file with the SEC. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and FairPoint undertakes no duty to update this information.Source: FairPoint Communications, Inc., www.fairpoint.com(link is external). CHARLOTTE, N.C. (June 16, 2009)last_img read more

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19 Sep
2020

Hamilton hails ‘awesome’ new Mercedes

first_imgBy Alan BaldwinSILVERSTONE, England (Reuters) – Lewis Hamilton declared his new Mercedes “pretty awesome” yesterday after lapping a blustery Silverstone circuit in the car he hopes will secure him a fourth Formula One world championship.“It felt incredible,” added the Briton, who finished runner-up last season behind now-retired teammate Nico Rosberg despite winning more of the 21 races.“Yesterday was the first time seeing the car come together. It’s the most detailed piece of machinery I’ve seen so far in Formula One.“The car feels wider, which it is obvious. The front tyres obviously feel huge,” added the 32-year-old, who won 10 races in 2016 and starts the season with a new teammate in Finland’s Valtteri Bottas.Formula One has undergone big rule changes over the winter, with wider front and rear tyres and different aerodynamics designed to make cars faster, more aggressive and harder to handle.Lap times should be several seconds quicker than 2016 with cornering speeds putting more G-forces on the drivers, who have had to bulk up and add muscle.Bottas, who has joined from Williams following Rosberg’s decision to retire only days after taking the title, has yet to win a grand prix.He has already said that he is not intending to play second fiddle to his teammate, however, and the pairing start on equal terms.“I think I have done the most amount of training of any winter so far. I have done some good training camps and feel in the best shape I’ve ever been, definitely ready for the season ahead,” said the Finn.The new car was first presented to fans online, with the drivers pulling the covers off the W08 behind closed garage doors before it was wheeled out to the media shivering on the Silverstone straight.The team were then set to complete a limited 100km filming day in the afternoon with both drivers taking a turn.“The dominant feeling in the team right now is one of excitement – the factory is buzzing with anticipation,” said team boss Toto Wolff, whose team have won the last three driver’s and constructor’s titles.“It has been a really motivating challenge to develop a brand new car concept and I have never seen our determination to succeed higher than it is right now.”Testing will start in Barcelona on Monday, with Bottas doing the first stint before handing over to Hamilton for the afternoon.The season starts in Australia on March 26.last_img read more

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13 Aug
2020

Reynolds please with response to launch of testiowa.com

first_imgJOHNSTON — Governor Reynolds says the response to the launch of the testiowa.com website on Tuesday has been tremendous.   “In the first 24 hours alone, more than 80,000 Iowans completed the online assessment and more than 250 scheduled an appointment. We had 631 social media mentions of the hashtag #testiowachallenge with a reach of over 18.8 million.” Reynolds wants all Iowans to go to the website and take the assessment.   “It’s really the first step to understanding more about the virus activity in Iowa, again what can we do to mitigate and start to manage it so we can open businesses back up, get life back to normal, but do it in a very safe and responsible manner.” Reynolds wants Iowans who work in essential service-type jobs to fill out the assessment.  “If you work in healthcare, law enforcement, manufacturing or other essential services, please complete the assessment. It is critical for all Iowans that you stay healthy and well, and this again will help us understand the scope and spread of the virus and help to see if our workforce has symptoms, we can get them the test and get them back online. We would encourage our first responders, healthcare workers and essential workers to take the test.” Reynolds says there’s 107 new positive cases that have been reported for a total of 3748 cases. There were seven more deaths reported for a total of 90. 1428 total confirmed cases have recovered.last_img read more

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