Global Crossing Names Jose Antonio Rios President, Latin America and the Caribbean.Business Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com HAMILTON, Bermuda--(BUSINESS WIRE)--Feb. 28, 2001 The former 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 Telefonica Media and DIRECTV(TM) Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. joins Global Crossing with a distinguished track record in the telecommunications, media, and Internet industries. Global Crossing, Ltd., (NYSE NYSE See: New York Stock Exchange :GX), which provides integrated telecommunications solutions over the world's most extensive global IP-based fiber optic network, today announced that Jose Antonio Rios has joined the company as President, Latin America and the Caribbean, effective immediately. Mr. Rios, who will report directly to Global Crossing's Chief Executive Officer Tom Casey, has also been named senior vice president of Global Crossing Ltd. and will serve as a member of the company's management committee. Mr. Rios will oversee all Global Crossing operations in Latin America and the Caribbean and will be based at the company's regional headquarters in Miami. He will take over responsibilities handled in an interim capacity by Joseph P. Clayton, president of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. for Global Crossing. In 2000, the company combined the operational territories of South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and Mexico, Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. and the Caribbean into one region. Global Crossing's regional presence includes approximately 160 employees located in Miami and in seven in-region offices. Prior to joining Global Crossing, Mr. Rios served as President and CEO of Telefonica Media, where he managed a diverse portfolio of companies in the media, telecommunications and Internet sectors. He also contributed decisively to Telefonica's expansion and integration into Latin America, including several strategic merger and acquisition efforts, among them the successful Terra/Lycos merger that created the world's third largest Internet portal. Mr. Rios was one of seven members of the corporate executive committee of Telefonica S.A. and a corporate general director. He also served on the boards of over 30 companies within the Telefonica group. Currently, Mr. Rios is chairman of the supervisory board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. of Endemol Entertainment. Endemol, which is based in Holland, is the largest independent television producer in Europe. "We are delighted that an executive with the stature and experience of Jose Antonio Rios has joined Global Crossing to lead our efforts in one of the world's most dynamic and diverse regions," said Mr. Casey. "His unparalleled knowledge of the region and his successful background as a pioneer in the telecom, Internet and media industries will be invaluable as we move forward with our aggressive expansion plans in Latin America. We look forward to working with Jose Antonio to change the face of telecommunications in Latin America and the world." Added Mr. Rios, "I look forward to contributing to the continued development and future growth of Global Crossing in Latin America & the Caribbean region, as well as participating in the unprecedented creation of the world's first truly global broadband services See broadband and broadband service provider. provider. I am delighted to have the opportunity to contribute to a leading global management team, recognized throughout the industry for its professionalism and entrepreneurial spirit." Before joining Telefonica, Mr. Rios was the founding president and chief executive officer of Galaxy Latin America(TM) (GLA), where he was responsible for the planning, development, and launch of DIRECTV(TM), a pioneer in digital direct-to-home satellite television entertainment in Latin America, with over 1.4 million subscribers in 27 countries. He served as a member of the GLA board of directors and was also a corporate vice president of Hughes Electronics, a GLA owner, and a member of that company's office of the chairman. A native of Venezuela, Mr. Rios previously served as 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. and corporate vice president of the Cisneros Group The Cisneros Group of Companies is one of the largest, privately held media, entertainment, telecommunications and consumer products organizations in the world. The Group owns or holds interests in companies ranging from broadcast television, networks and pay television businesses of Companies, a diversified conglomerate conglomerate, in business conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. with interests in the telecommunications, and media content and distribution industries. In his 13 years with the Cisneros Group, Mr. Rios held a succession of increasingly responsible positions, including tenure as a board member or president in over 60 Cisneros companies. Mr. Rios holds a degree in Industrial Engineering from the Andres Bello Catholic University in Caracas. He is married and the father of three grown children. About Global Crossing Global Crossing Ltd. (NYSE:GX) provides integrated telecommunications solutions over the world's most extensive global IP-based fiber-optic network, which will have more than 100,000 route miles The number of miles that are spanned by a telecommunications network. It does not include combined wire mileage due to multiple wires or fibers within a single cable or by overlapping segments, just the total geographic distance between cities or other terminal points. , reaching five continents, 27 countries and more than 200 major cities by mid-2001. Global Crossing serves many of the world's largest corporations, providing a full range of managed data and voice products and services. Global Crossing operates throughout the Americas, Europe, and the Asia/Pacific region, and provides services in Asia through its subsidiary, Asia Global Crossing. Global Crossing Solutions provides integrated telecommunications solutions, including network outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , to large global enterprises. Please visit www.globalcrossing.com or www.asiaglobalcrossing.com for more information. Statements made in this press release that state the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in the nature of telecommunications regulation in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.022801/bb9 |
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