Here's the new CVG mgmt team. I do not know much about any of them.
Cincinnati Bell, Convergys Announce New Management Teams
Changes Designed to Create Smooth Transition Leading Toward Separation
CINCINNATI--(BUSINESS WIRE)--Sept. 1, 1998--Cincinnati Bell Inc. (NYSE:CSN - news) and Convergys Corporation (NYSE:CVG - news) today jointly announced the formation of new management teams in anticipation of the planned separation of the two companies within the next few months.
Cincinnati Bell and Convergys said that the changes take effect today to allow the managements of each company to better focus on their respective growth strategies and initiatives. Cincinnati Bell is pursuing growth and increased profitability in communications services, while Convergys is leveraging its leading role as a provider of outsourced billing and customer management solutions.
On April 27, Cincinnati Bell announced a plan to spin off its billing and customer management businesses from its communications services businesses. Convergys became a public company effective with its initial public offering of approximately 10 percent of its shares on August 12. Cincinnati Bell owns the remaining 90 percent, which it will distribute within the next few months to Cincinnati Bell shareholders to complete the spin-off, as previously announced.
Accordingly, the following changes in the managements of Convergys and Cincinnati Bell Inc. are effective today:
- James F. Orr, 52, leaves his position as chief operating officer
of Cincinnati Bell Inc., but remains a director of Cincinnati
Bell. Orr is president and chief executive officer of Convergys.
- Brian C. Henry, 41, leaves his position as executive vice
president and chief financial officer of Cincinnati Bell Inc.
Henry is chief operating officer of the Information Management
Group of Convergys.
- William D. Baskett III, 59, leaves his position as general
counsel and secretary of Cincinnati Bell Inc. He is general
counsel and secretary of Convergys.
- Richard G. Ellenberger, 46, replaces Orr as chief operating
officer of Cincinnati Bell Inc. Ellenberger is also president and
chief executive officer of Cincinnati Bell Telephone.
- Kevin W. Mooney, 40, replaces Henry as chief financial officer of
Cincinnati Bell Inc. Mooney is also senior vice president-finance
of Cincinnati Bell Telephone.
- Thomas E. Taylor, 51, replaces Baskett as general counsel and
secretary of Cincinnati Bell Inc. He is also senior vice
president and general counsel of Cincinnati Bell Telephone.
Ellenberger, Mooney and Taylor report to John LaMacchia, president and chief executive officer of Cincinnati Bell Inc.
In addition, several former Cincinnati Bell officers are now officers of Convergys, with similar responsibilities. They are:
- Thomas A. Cruz, vice president of human resources and
administration,
- Cheryl N. Campbell, vice president of public relations,
- Robert P. Komin, Jr., vice president of finance and treasurer,
- Thomas P. Mehnert, vice president-legal,
- Andre S. Valentine, controller and chief accounting officer, and
- Tammy L. Rohrer, assistant secretary.
Cruz and Campbell report to Orr. Komin and Valentine report to Steven G. Rolls, Chief Financial Officer of Convergys. Mehnert and Rohrer report to Baskett.
The two companies have pledged to work cooperatively to complete all arrangements for the spin-off, including agreements for shared support services that will continue afterward.
About Cincinnati Bell
Cincinnati Bell is the leading full-service provider of local, long distance, wireless, data, Internet, entertainment, and directory
services and related equipment to communications customers in the Cincinnati, Ohio, metropolitan area. It also provides competitive wireless, data, directory and long distance services in several other Midwestern states. Cincinnati Bell is on the web at cinbellinc.com
About Convergys
Convergys Corporation (formerly CBIS and MATRIXX Marketing) is a leader in providing outsourced, integrated, customer care and billing services, bringing together a broad range of resources and expertise to help clients transform customer relationships into a competitive advantage. Convergys (NYSE:CVG - news) is on the Web at www.convergys.com
Contact:
Cincinnati Bell Inc.
Wayne Buckhout, 513/397-1081
wbuckhout@cinbell.com
or
Convergys Corporation
John Pratt, 513/397-7777 or 800/344-3000
news@convergys.com
Copyright c 1998 Business Wire. |
