November 1, 1999
JOSEPH P. KENNEDY II ELECTED TO MASTEC BOARD
- Board of Directors Expanded to Eight, Including Six Outside Directors
- Mr. Kennedy Founded Citizens Energy Corporation, a $1.5 Billion
Non-profit Energy Company
Miami, FL (November 1, 1999) - MasTec, Inc. (NYSE: MTZ) announced today that Joseph P. Kennedy II has been elected to MasTec's Board of Directors, expanding MasTec's Board to eight members including six outside directors.
Mr. Kennedy is currently the Chairman and President of Citizens Energy
Corporation, a non-profit energy company that he founded in 1979 that
provides low cost heating oil to low-income and elderly households. Under his leadership, Citizens' has grown to include seven subsidiaries with a combined annual revenue in excess of $1.5 billion.
Mr. Kennedy served six terms as a U.S. Representative during which time he was a member of the House Banking and Financial Services Committee, a senior member of the House Veterans' Affairs Committee, the co-chair of the Older American Caucus, and he served as the ranking Democrat on the Housing and Community Opportunity Subcommittee.
"Mr. Kennedy's congressional experience, his leadership on social issues and concern about all constituents as well as his knowledge of and interest in the future of the telecommunications and energy industries will help MasTec navigate the increasingly interconnected world that the Company will serve in the 21st Century," said Jorge Mas, MasTec's Chairman.
MasTec is a preeminent end-to-end telecommunications and energy
infrastructure service provider in North America. MasTec designs, builds, installs and maintains internal and external networks supporting the Internet, Internet-related applications, and other communications and energy facilities for leading telecommunications, cable television, energy and Fortune 500 companies. |
