Dow Jones Newswire re Hindery
December 6, 1999
Dow Jones Newswires
Global Crossing Names Hindery CEO Of Internet Svcs Unit
NEW YORK -- Global Crossing Ltd. (GBLX), the fast-growing telecommunications company, has named former AT&T Corp. (T) executive Leo J. Hindery Jr. as chairman and chief executive of its GlobalCenter unit.
Hindery, 52 years old, most recently served as president and chief executive of AT&T's broadband business unit. He previously had been president and chief executive of Tele-Communications Inc., the cable operator AT&T acquired.
Hindery is the latest former AT&T executive to joint Global Crossing. Earlier this year, the company snagged Robert Annunziata, former head of AT&T's business-services group, to serve as the company's chief executive.
GlobalCenter, an Internet services company, provides so-called "web hosting" services to sites such as Yahoo! Inc.'s (YHOO) popular site. Global Crossing said it is looking at ways to maximize the value of the Internet-service property, including a possible IPO of a minority stake in the operation, or a tracking stock.
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Best wishes,
Tom
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