Alltel Announces Board Appointments to Windstream Corporation.LITTLE ROCK, Ark. -- Alltel (NYSE NYSE See: New York Stock Exchange : AT) today announced five appointments to the board of directors of Windstream Corporation, the new company to be formed through the spinoff of Alltel's landline business and merger with VALOR valor a rodenticide no longer marketed because of toxicity in horses causing dehydration, abdominal pain, hindlimb weakness, inappetence, fishy smell in urine. Called also N-3-pyridyl methyl N1-p-nitrophenyl urea. Communications Group. The new appointees are expected to qualify as independent board members under New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. . "We are very pleased to have such an impressive and experienced group of business leaders serve on our board to complement the strong management team we have put together for the new company," said Jeff Gardner, president 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 Windstream Corporation. Alltel will appoint the new board members to Alltel Holding Corp., prior to the spinoff and merger, and the board of Alltel Holding Corp. will become the board of Windstream Corporation effective on the closing of the merger with VALOR. The board appointments include: Anthony J. de Nicola, 41, a general partner of Welsh, Carson, Anderson & Stowe and current chairman of the board of VALOR. He is also a member of the boards of directors of Centennial Communications Corp., ITC ITC (Brit) n abbr (= Independent Television Commission) → Fernseh-Aufsichtsgremium ITC n abbr (BRIT) (= Independent Television Commission) → Deltacom, Inc., R.H. Donnelly and several private companies. Jeffrey T. Hinson, 51, a financial consultant and former executive vice president and chief financial officer of Univision Communications Inc., a Spanish language media company. He is also a director and chairman of the audit committee of Live Nation, which is a NYSE-listed company that was spun off by Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. , Inc., in December 2005. Judy K. Jones, 62, board member of the Lovelace Respiratory Research Institute and former associate vice president for strategic initiatives for the University of New Mexico The University of New Mexico (UNM) is a public university in Albuquerque, New Mexico. It was founded in 1889. It also offers multiple bachelor's, master's, doctoral, and professional degree programs in all areas of the arts, sciences, and engineering. Health Sciences Center and vice president for advancement for the University of New Mexico. William A. Montgomery, 57, a private investor and former chief executive officer of SA-SO Company, a distributor of municipal and traffic control products based in Dallas. He is also a director of Empress Hair Care, a private company that manufactures hair products based in Irving, Texas. Frank E. Reed, 71, former president and chief executive officer of CoreStates Philadelphia National Bank and Alltel board member from 1998 to 2005, where he was chairman of the audit committee from 1999 to 2005. He is also a director of Harleysville Group, Inc. One additional board member will be announced at a later date. As previously announced, Francis X. "Skip" Frantz, former executive vice president and secretary of Alltel, will serve as board chairman, and Dennis E. Foster, 65, a principal in Foster Thoroughbred Investments and former Alltel board member from 1998 through April 2006, will serve as lead director. Foster is also a director of YRCW YRCW Yellow Roadway Corporation Worldwide (Yellow Roadway Corporation Worldwide) and NiSource Inc. Gardner also will serve on the Windstream board. On Dec. 9, Alltel announced that it would spin off its landline business and merge it with VALOR Communications Group. The combination will create a major voice, broadband and entertainment services company focused on the rural U.S. The new company expects to trade on the New York Stock Exchange under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "WIN" upon close of the transaction, which is expected to be completed by mid-year. About Windstream Communications After separating from Alltel and merging with VALOR Communications Group, Windstream Communications will provide voice, broadband and entertainment services to customers in 16 states. The company will have approximately 3.4 million access lines and about $3.4 billion in annual revenues. For more information, visit www.windstreamcomm.com. About Alltel Alltel is a customer-focused communications company with more than 15 million customers in 36 states and nearly $10 billion in annual revenues. |
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