Cincinnati Bell Inc. (NYSE: CBB) today announced the election of
Theodore H. Schell and Russel P. Mayer as directors of the company,
effective October 10, 2013. In addition, Jack Cassidy, Vice Chairman of
the Board, has notified the company that he intends to retire as a
director, effective December 31, 2013.
“I’m delighted to welcome Ted Schell and Russ Mayer as new directors.
They are both outstanding business leaders who will complement the
composition of our board. I’d also like to thank Jack Cassidy for his
many years of outstanding leadership at Cincinnati Bell,” said Ted
Torbeck, Cincinnati Bell President and CEO.
Mr. Schell, 69, has more than 30 years of experience touching all major
aspects of the telecommunications industry: wireless, wireline, CATV and
a wide range of applications and technologies. Mr. Schell is a Managing
Director at Associated Partners LP, a private equity firm investing
primarily in telecommunications infrastructure. Prior to that, he was a
General Partner at Apax Partners where he oversaw U.S. investments in
telecommunications, wireless and related technology and applications
companies. Before joining Apax, Mr. Schell served as Sprint
Corporation’s Senior Vice President for Strategy and Corporate
development. He was also a member of its Management Committee from
1989-2000. Mr. Schell has also served on the Boards of Directors of
cellular, CATV, telecommunications value added services and technology
Mr. Mayer, 60, is the former Executive Vice President, CIO & Quality
Leader at GE Healthcare. Now retired after 37 years focused on
information technology and business process improvement, Mr. Mayer
brought leadership to large, global companies with more than 20 years
experience as a CIO, as well as eight years leading Lean/Six Sigma, for
GE companies such as GE Healthcare, GE Aviation, GE Transportation, the
National Broadcasting Company, and GE Electrical Distribution & Control.
Throughout his career, Mr. Mayer gained broad industry experience in
diverse sectors of the economy including healthcare, aviation,
locomotives, electrical distribution, lighting, entertainment, and steel.
Mr. Cassidy’s decision to retire as a director at the end of the year
was prompted by his belief that the transition of responsibilities to
Mr. Torbeck has gone very smoothly and is now complete. Mr. Torbeck
succeeded Mr. Cassidy as president and chief executive officer on
January 31, 2013.
About Cincinnati Bell
With headquarters in Cincinnati, Ohio, Cincinnati Bell (NYSE: CBB)
provides integrated communications solutions—including local and long
distance voice, data, high-speed Internet, entertainment, and wireless
services—that keep residential and business customers in Greater
Cincinnati and Dayton connected with each other and with the world. In
addition, enterprise customers across the United States rely on CBTS, a
wholly-owned subsidiary, for efficient, scalable office communications
systems and end-to-end IT solutions. Cincinnati Bell is the majority
owner of CyrusOne (NASDAQ: CONE), which provides best-in-class data
center colocation services to enterprise customers through its
facilities with fully redundant power and cooling solutions that are
currently located in the Midwest, Texas, Arizona, London, and Singapore.
For more information, please visit www.cincinnatibell.com.
Cincinnati Bell Inc.
Angela Ginty, 513-397-7144
Source: Cincinnati Bell Inc.