Advanced Radio Telecom Announces Retirement of Bill Maxwell, President and Chief Operating Officer.BELLEVUE, Wash.--(BUSINESS WIRE)--Sept. 20, 1999-- Advanced Radio Telecom Corp. (Nasdaq:ARTT ARTT, n.pr See asymmetry/range of motion alteration/tissue texture alteration/tenderness. ) today announced that William J. (Bill) Maxwell, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , will be leaving the company to retire effective October 15, 1999. Henry C. (Harry) Hirsch, chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. will assume the additional responsibilities of president. An executive search for a replacement has been commenced. "As sad as I am to see Bill leave the company, I am equally as happy for him as he begins his well-earned retirement," said Hirsch. "I can't thank him enough for all that he has done for this company. Bill has been absolutely instrumental in the tremendous progress we have made over the past year and a half. He is leaving with the company now well positioned to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. its very promising opportunity." Prior to joining ART in December 1997 as executive vice president of strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , sales and marketing, Maxwell, 57, was executive vice president of ICG ICG indocyanine green. Communications, Inc. and president of ICG Telecom Group. Maxwell's more than 30 years of executive management experience also includes positions at Williams Telecommunications Group Inc. and MidAmerican Communications Corp. About ART Advanced Radio Telecom Corp., headquartered in Bellevue, Wash., is a provider of broadband wireless access to businesses at speeds up to 100Mbps. ART currently owns and operates metropolitan area networks in San Jose, Calif., Seattle, Portland, Ore., and Phoenix with plans to expand to 40 of the top 50 U.S. markets in the next few years. ART has a nationwide footprint of 38GHz spectrum licenses in the United States, and owns 26GHz and/or 38GHz spectrum licenses in the United Kingdom and several Scandinavian countries. For more information, please visit ART's web site at www.art-net.net. The above information includes forward-looking statements regarding network deployment. These statements are not guarantees of future performance. Known and unknown risks, uncertainties, and other factors, including without limitation, capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and other financial risks, customer demand, technological risks, management of growth, ability to achieve Year 2000 compliance, competition and government regulation may cause actual results to differ materially from the future results implied or expressed in the forward-looking statements. Additional information about the most significant of such factors is set forth in ART's most recent annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . The Company does not undertake to update or revise its forward-looking statements publicly even if experience or future changes make clear that any projected results expressed or implied herein will not be realized. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion