CNM Network Names Deb Lenart as New CEO.Business Editors/High-Tech Writers SIMI VALLEY Simi Valley (sē`mē, sĭm`ē), city (1990 pop. 100,217), Ventura co., SW Calif. in an oil, fruit, and farm region; laid out 1887, inc. 1969. , Calif.--(BUSINESS WIRE)--July 8, 2003 CNM CNM Certified Nurse-Midwife; see nurse-midwife. CNM abbr. Certified Nurse Midwife Network (CNM), a leading provider of enhanced telephony and VoIP services, announced the appointment of Deb Lenart as Chief Executive Officer. "We feel very fortunate to have Deb Lenart, a visionary telecommunications veteran to lead CNM at this time," said Gerald S. Armstrong, Chairman of CNM's Board of Directors. "Deb has an outstanding track record of building successful ventures across the voice, data and cable TV markets. We are very excited for her to take CNM to its next stage of growth." Lenart's career spans over 20 years of managing growth and innovation in the communications marketplace, including senior management positions with Ameritech, MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. and MFS MFS Medicare fee schedule Communications. Most recently Deb was 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 InTouch Communications, a leading provider of competitive voice services, where she successfully brought the business to positive cash flow, raised $3M in equity funding Equity funding An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. and launched a new product strategy for the company. Prior to InTouch, Deb was CEO of Eziaz, Inc., a provider of enhanced data services to large-scale commercial property owners. At Eziaz, Deb raised over $48M in funding, scaled Eziaz' operations into 52 markets and provided services to over 1,000 enterprise customers in 5,500 buildings nationwide. During her career with Ameritech, Deb served as CEO of Ameritech's Custom Business Services (CBS (Cell Broadcast Service) See cell broadcast. ), a $2.2B operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon serving the company's largest commercial and governmental customers for voice, data and video services. While at Ameritech CBS, Deb was responsible for building a $1B data services business that served as the platform for Ameritech's national data services strategy. Prior to Ameritech CBS, Deb was part of the founding management team, and eventual CEO of Ameritech's cable TV unit, Americast, a $300M operating unit and the largest competitive "overbuilder" in the cable TV industry. Prior to Ameritech, Deb successfully held numerous senior sales, marketing, and network operations positions at both MCI and MFS. Deb was a founding employee of MFS Communications, and the first female operations manager See datacenter manager. in the United States for MCI. "The Voice over IP marketplace is poised for significant growth in the years ahead," said Lenart. "I am very excited about the potential that exists for CNM to lead the growth in this market and to build an exciting company." About CNM Network CNM Network is a leading provider of enhanced telephony services. Founded in 1996, CNM operates a private, nationwide fiber-optic communications network that transports converged VoIP services. CNM products and services include: (1) wholesale origination and termination services to major long-distance carriers, including three of the top five domestic carriers, prepaid card issuers and other telecommunications resellers; (2) residential long-distance services, including one of the first nationwide unlimited offering; and (3) award-winning audio conferencing service that dramatically improves productivity and cost savings. For more information about CNM, visit the company's website at www.cnmnetwork.com. |
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