Alaska Communications Systems Announces Executive Officer Assignments.Business Editors ANCHORAGE, Alaska--(BUSINESS WIRE)--Nov. 8, 2000 Alaska Communications Systems This article is about the current telecommunications company. For the historical "Alaska Communications System", see AT&T Alascom. Alaska Communications Systems, (or ACS) is a telecommunications corporation, headquartered in Anchorage, Alaska. Group, Inc. ("ACS (Asynchronous Communications Server) See network access server. ") (Nasdaq:ALSK) announced today a reorganization of the senior management of the corporation. Chuck Robinson, chairman and 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. of ACS, said, "We are effecting these assignments to better match the strengths and talents of our senior officers to support strategic ACS initiatives. I am enthused about what this team can accomplish for the benefit of our shareholders and customers." The following changes are effective immediately. Wesley E. Carson, president & chief administrative officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive , will be responsible for regulatory affairs Regulatory Affairs (RA), also called Government Affairs, is a profession within regulated industries, such as pharmaceuticals, medical devices, energy, and banking. Regulatory Affairs professionals usually have responsibility for the following general areas: The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Previously, he had been executive vice president of ACS and its predecessor, LEC (1) (LAN Emulation Client) A software driver that provides LAN emulation (LANE) in an ATM network. It resides in an ATM end station or in a computer system that provides the LAN to ATM conversion, often known as a LAN access device. See LANE. Consulting Corporation. John R. Ayers, executive vice president & chief operating officer, assumes responsibility for sales & marketing, network operations & engineering, and the Company's local exchange, wireless, Internet, interexchange, customer premise equipment, and directory business units. He joined ACS in June 1999 as senior vice president of sales & Marketing. From 1990 until 1995 Ayers had been executive vice president & general manager of Alascom, Inc., and then founded and served as chief executive officer of e.Net, Inc., a telecommunications consulting and services firm. Kevin P. Hemenway, senior vice president & chief financial officer, will direct the corporation's treasury, finance, revenue requirements, tax and business planning functions. He served as the Company's treasurer since joining ACS in July 1999. He had previously held the positions of chief financial officer and treasurer for Atlantic Tele-Network, Inc. based in the U.S. Virgin Islands. Hemenway succeeds Michael E. Holmstrom, who had since February 1999 served as the Company's senior vice president & chief financial officer. Holmstrom is departing Alaska to accept a similar position with a company in the Lower 48 States Donn T. Wonnell continues to serve in his role as executive vice president, general counsel & corporate secretary, reporting directly to Robinson, with responsibility for all of the Company's legal activities. ACS is the leading diversified, facilities based telecommunications carrier in Alaska, offering local telephone service, wireless, long distance, data, and Internet services to business and residential customers throughout Alaska. ACS currently serves approximately 330,000 access lines and 74,000 cellular customers throughout the State. Members of the ACS senior management team have played significant roles in bringing advanced technology to Alaska for more than four decades. ACS is traded on NASDAQ under the symbol "ALSK." Statements contained in this press release that are not historical fact are "forward-looking statements" that involve a number of known and unknown risks or uncertainties. Additional factors, which may affect actual results, are contained in the Company's filings with the SEC. Forward-looking statements in this release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions contained in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. |
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