American Telesource Announces Enhancements to Its Management Team.Business Editors & High-Tech Writers SAN ANTONIO--(BUSINESS WIRE)--April 11, 2000 American TeleSource International Inc. (AMEX AMEX See: American Stock Exchange :AI) today announced K. Earl Posey has joined the Company as Senior Vice President Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and Administration. In addition, ATSI's Board of Directors has elected J. Christopher Cuevas to the position of Vice President Corporate Controller and Karen R. Mella to the position of Vice President Investor Relations Investor relations The process by which the corporation communicates with its investors. and Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. , effective immediately. K. Earl Posey. His 30 years of managerial experience in the fields of human resources and manufacturing, includes positions with Nortel Networks Inc., Black and Decker Manufacturing Company, ITT ITT Initial Teacher Training (UK) ITT I Think That ITT Invitation To Tender ITT Individual Time Trial (professional cycling) ITT Intention-To-Treat ITT In This Thread (forums) Telecommunications, A+ Communications and PMT See photomultiplier tube. Services Inc. During his 12 years at Nortel as U.S. Director of Employee and Labor Relations, Earl was responsible for the development of the company's strategic policies, programs and procedures as they related to employee and labor relations for this $4 billion, 24,000 employee manufacturer of telecommunications equipment. While serving as Vice President Administration at A+ Communications and Corporate Director of Human Resources at PMT Services, he was involved in various merger and acquisition activities. J. Christopher Cuevas. Chris joined ATSI ATSI Aboriginal and Torres Strait Islander (Australia) ATSI Association of Thai Software Industry ATSI Association of TeleServices International ATSI American Transmission Systems, Inc. in December 1994 as Manager of Financial Reporting. In August 1998, he was promoted to his recent position of Corporate Controller. In his new capacity as Vice President Corporate Controller, Chris will be responsible for establishing corporate policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental , overseeing the Company's accounting department, both in the United States and Latin America, and facilitating the Company's Security and Exchange Commission filings. Karen R. Mella. Karen joined ATSI in March 1998 as Director Investor Relations. During the past two years she has implemented a comprehensive plan to increase the visibility of the Company throughout the investment community. These efforts contributed to the increase in ATSI's market cap from approximately $97 million in April 1998 to over $385 million in April 2000 and the listing of ATSI's equity on The American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. . Arthur L. Smith, 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. , stated, "I am excited to announce these new additions to ATSI management. Earl brings with him a wealth of experience that will be a vital component as we continue to expand our operations." Smith further added, "In their previous positions at ATSI, Chris and Karen have proven themselves to be key and integral assets to the overall success of the Company. Undoubtedly, they will complement the management team's strengths and support the Company's growth initiatives." In addition, the Company announces the resignation of Craig K. Clement from the position of Senior Vice President Corporate Development. Smith commented, "Through his entrepreneurial spirit and strong leadership, Craig has been an important contributor to the Company's success over the past six years. We deeply regret Craig's decision to leave, but fully support him in his future endeavors." Craig K. Clement, commented, "While I greatly appreciate the opportunity to have been a part of ATSI's many achievements, I feel my personal objectives will be best served by making this transition. My desire to manage lies more in the start-up phase of an organization, and ATSI has moved well beyond this stage. I am leaving with confidence that ATSI is in the hands of a solid management team, with the right tools and assets in place to continue succeeding as a leader in the Latin telecommunications arena." |
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