Bob Price Becomes Chairman of PriCellular; Steven Price Named President and CEO.NEW YORK--(BUSINESS WIRE)--May 30, 1997--The Board of Directors of PriCellular Corporation (AMEX AMEX See: American Stock Exchange : PC) announced that Steven Price, the company's 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 assume the title of President and Chief Executive Officer of PriCellular, effective today. Robert Price Robert Price may refer to:
PriCellular also announced that Scott Anderson Scott Anderson is the name of:
Robert Price stated: "The board's decision is a timely and appropriate way to insure continuity at PriCellular. Shareholders can have confidence in the future direction and leadership of the company. I will continue to devote my energies to identify additional assets that can contribute to the company's growth." Steven Price stated: "I look forward to leading PriCellular as we continue to implement our strategic plans. We will build on the initiatives begun by my father. PriCellular has enormous potential for growth, and is very well-positioned to be a major player in this sector." "The strategies that have driven our growth to this point will continue, including our aggressively pursuing acquisitions that will allow us to become a fully integrated telecommunications provider. We will also continue our commitment to revenue growth, profit enhancement and increasing shareholder value." Steven Price, 35, has been managing the Company's day to day operations since 1994 and has been a Director of the Company since 1996. Before joining PriCellular, Mr. Price was an attorney with Davis Polk & Wardwell and worked in the mergers and acquisitions group of Goldman, Sachs & Co. He is a member of the Board of Directors of CTIA (1) See CompTIA. (2) (Cellular Telecommunications & Internet Association, Washington, DC, www.ctia.org, www.wow-com.com) A membership organization founded in 1984 that is involved with regulatory and public affairs issues in the wireless industry. , the wireless industry's trade association. Price is a magna cum laude graduate of Brown University, where he was elected to Phi Beta Kappa Phi Beta Kappa: see fraternity. Phi Beta Kappa Leading academic honour society in the U.S., which draws its membership from college and university students. The oldest Greek-letter society in the U.S. , and holds a J.D. degree from the Columbia University School of Law. Mr. Anderson joins the PriCellular Board of Directors with extensive experience in the wireless industry. Mr. Anderson served as Senior Vice President-Acquisitions and Development of AT&T Wireless Services, Inc., formerly McCaw Cellular Communications, Inc., from 1991 to March 1997. Previously, he served as Vice President-Law of AT&T Wireless/McCaw. Mr. Anderson has been an advisor to the Board of PriCellular since August, 1996. "Scott Anderson brings a wealth of strategic and operating experience to the PriCellular Board," Steven Price said. "The perspective Scott brings from many years in the cellular and wireless industries will give the company additional insight and expertise as we continue our expansion." PriCellular operates under the CELLULARONE service mark and participates in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Cellular Network. It presently own approximately 4.8 million POPS. This includes 1.7 million POPS in its Upper Midwest cluster in Minnesota, Wisconsin and Michigan, approximately 857,000 POPS in the cluster centered in Ohio, West Virginia and Pennsylvania, approximately 1.1 million POPS between New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and Albany, stretching across the Hudson Valley from Binghamton to the Connecticut and Massachusetts borders, and 785,000 POPS in Kentucky. It has additional cellular interests in Illinois and Texas. PriCellular Corporation is a public company traded 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. (symbol: PC), the Chicago Stock Exchange Chicago Stock Exchange (CHX) A major exchange trading only stocks, with 90% of trades taking place on an automated execution system, called MAX. (symbol PC.M) and the Pacific Stock Exchange (symbol PC.P). Its principal stockholders include the Price Family, McCaw Cellular/AT&T, The Harvard Private Capital Group, Sandler Capital Management, a major media investment firm, and the Thomas H. Lee Company. PriCellular is headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . CONTACT: PriCellular Corporation Steven Price (914) 422-0800 |
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