VALOR Communications Group Inc., Names Jerry E. Vaughn Chief Financial Officer and Grant Raney Chief Operating Officer
2005年9月19日 - 10:30PM
PRニュース・ワイアー (英語)
IRVING, Texas, Sept. 19 /PRNewswire-FirstCall/ -- VALOR
Communications Group Inc. (NYSE:VCG), today announced two key
appointments to the company's senior executive team. Jerry E.
Vaughn has been named senior vice president and chief financial
officer, effective Oct. 1, 2005. Grant Raney, currently senior vice
president of operations, sales and marketing, has also been named
chief operating officer (COO), effective immediately. Vaughn and
Raney will report to John (Jack) J. Mueller, VALOR's president and
chief executive officer. "We are excited and very pleased to have
Jerry join our company and the ranks of a superior senior executive
team," said Mueller. "Jerry's leadership and public company
experience expand the team's capacity to manage our business
strategically in a highly competitive telecommunications
environment. Grant's appointment as COO recognizes the broad scope
of operational responsibility he has held for the past year."
Vaughn, 60, will relocate to the company's Irving headquarters and
will lead the accounting, finance, investor relations, tax and
treasury departments. Most recently, from June 1999 until July
2005, Vaughn was chief financial officer for Louisiana-based U.S.
Unwired, where he led the company's finance and accounting
organizations through an initial public stock offering, several
high-yield debt and credit facility transactions, acquisitions of
complementary businesses and divestitures of assets. U.S. Unwired
grew from less than $100 million in revenue to $500 million in
revenue before that company was sold to Sprint. Vaughn has 12 years
of telecommunications experience and more than 25 years of
diversified financial management experience. He has led several
large capital market transactions in both the pre- and post-
Sarbanes-Oxley environment. "The timing of VALOR's recent IPO and
recapitalization creates a compelling opportunity to build upon
VALOR's leading industry position as a rural telecommunications
service provider," said Vaughn. Vaughn will serve as VALOR's
principal financial officer with Randal Dumas continuing as
principal accounting officer for U.S. Securities and Exchange
Commission reporting. Keith Terreri will also continue as vice
president of finance, treasurer and investor relations officer. As
a founding member of VALOR's management team, Grant Raney, 45, will
continue leading the operations, sales and marketing organizations
as senior vice president and chief operating officer. Raney was
named senior vice president of operations and engineering in 2001,
and his management responsibilities expanded to include the
company's sales and marketing organizations in August 2004. Prior
to joining VALOR in February 2000 as operations vice president,
Raney served as division vice president at Spectra Communications
Group, a partnership of CenturyTel, Inc., a company he joined in
1979. Raney has more than 25 years of telecommunications industry
experience in a variety of roles with increasing responsibilities.
He served as VALOR's principal operations architect during the
company's business start-up in 2000 and was instrumental in the
development of the company's Alternative Form of Regulation Plan,
which guides VALOR's capital investment plan in the State of New
Mexico. Raney also was responsible for significantly improving the
company's service quality standards and customer satisfaction
measures. Today, he oversees more than 1,100 employees with primary
responsibility for interfacing with VALOR's customers in Arkansas,
New Mexico, Oklahoma and Texas. Vaughn will join Raney, Cynthia B.
Nash, senior vice president and chief information officer, and
William M. Ojile Jr., senior vice president, chief legal officer
and secretary, in reporting to Mueller. About VALOR Communications
Group VALOR Communications Group (NYSE:VCG) is one of the largest
providers of telecommunications services in rural communities in
the southwestern United States. The company, through its subsidiary
VALOR Telecom, offers to residential, business and government
customers a wide range of telecommunications services, including:
local exchange telephone services, which covers basic dial-tone
service as well as enhanced services, such as caller
identification, voicemail and call waiting; long distance services;
and data services, such as providing digital subscriber lines.
VALOR Communications Group is headquartered in Irving, Texas. For
more information, visit http://www.valortelecom.com/. Safe Harbor
Statement Certain matters discussed in this press release may
constitute "forward- looking statements" within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934 and the Private Securities
Litigation Reform Act of 1995. Words such as "believes,"
"anticipates," "expects," "intends," "estimates," "projects" and
other similar expressions, which are predictions of or indicate
future events and trends, typically identify forward-looking
statements. Statements in this press release regarding VALOR
Communications Group's business, which are not historical facts,
including the Company's intention to pay quarterly dividends, are
forward-looking statements. Forward-looking statements involve
risks and uncertainties that could cause actual results or the
timing of events to differ materially from those described in the
forward-looking statements. We cannot assure you that the
expectations discussed in these forward-looking statements will be
attained. Some of the factors that could cause actual results or
the timing of certain events to differ from those described in
these forward-looking statements include, without limitation: our
leverage and debt service obligations; the terms of our credit
facility and our rights and obligations there under; any adverse
changes in government regulation; the risk that we may not be able
to retain existing customers or obtain new customers; the risk of
increased competition in the markets we serve; our financial
position, results of operations and availability of capital; and
other risks detailed from time to time in our filings with the
Securities and Exchange Commission, including, without limitation,
the risks described in our Prospectus relating to the exchange
offer filed with the Securities and Exchange Commission on July 5,
2005 and in our Annual Report on Form 10-K filed on March 31, 2005
with the Securities and Exchange Commission. We disclaim any
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, the occurrence
of future events or otherwise, except as required by law.
DATASOURCE: VALOR Communications Group Inc. CONTACT: Investor
Relations Contacts - Keith Terreri or Sheryl Seyer, +1-972-373-1296
office, +1-972-373-1150 facsimile, ; Media Contact - Cynthia T.
Cruz, +1-972-373-1134 office, +1-469-420-2540 facsimile, Web site:
http://www.valortelecom.com/
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