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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31 Dec
2020

Wood Mackenzie: Global solar installations to hit record 114.5GW in 2019

first_img FacebookTwitterLinkedInEmailPrint分享Greentech Media:Global solar PV installations will reach a new high of 114.5 gigawatts in 2019, up 17.5 percent over 2018.According to Wood Mackenzie Power & Renewables’ new report, Global Solar PV Market Outlook Update: Q2 2019, the market is now back on a strong growth trajectory after a slowdown in 2018. Annual installations are expected to rise to around 125 gigawatts per year by the early 2020s.Global growth will continue despite a gradual decline in China, the world’s largest PV market. The Chinese market peaked at 53 gigawatts in 2017, driven by generous feed-in tariffs. We anticipate that a move toward more competitive procurement of solar PV will lead to more sustainable annual additions of 30 to 40 gigawatts.Countries installing between 1 to 5 gigawatts annually will be the market’s growth engine. In 2018, there were seven such markets. By 2022, we forecast that there will be 19, with new names added to the list including Saudi Arabia, France and Taiwan.In India, auction activity is starting to recover after a slowdown caused by land and transmission constraints. In the U.S., announcements of new state utility integrated resource plans, in Florida for example, are good news for the solar PV market.The European market will grow strongly as policy-driven markets look to deliver on 2020 and 2030 renewable energy targets.More: Global solar installations to reach record high in 2019 Wood Mackenzie: Global solar installations to hit record 114.5GW in 2019last_img read more

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28 Aug
2020

Arsene Wenger not listening to Mourinho

first_imgArsenal manager Arsene Wenger says his transfer spending will not be influenced by other clubs as he prepares for the Community Shield meeting with champions Chelsea.Blues boss Jose Mourinho hinted on Monday that the Gunners’ spending in recent years outstripped Chelsea.But Wenger said: “We spend when we think we have to spend and do not listen to what people think or say.”When we don’t have the money, we don’t spend the money we haven’t got.”Arsenal won the FA Cup for the second successive season in May and finished third in the Premier League – 12 points behind winners Chelsea.Goalkeeper Petr Cech – signed from Chelsea – remains Arsenal’s only transfer signing so far this summer despite director Lord Harris saying last week that the club could sign “almost anyone”. However Mourinho believes that Wenger’s side can challenge for the title this season on the back of their spending over the last two years.”If you add up the amounts clubs have spent in the last three or four years, I think maybe you will find a surprise,” the Portuguese said.”If you put Mesut Ozil plus Alexis Sanchez, plus Calum Chambers, plus Mathieu Debuchy, you will find a surprise.”It’s a fantastic squad with good players, fantastic goalkeeper, they are more than ready to be a title contenders.”–last_img read more

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