Global Crossing and Asia Global Crossing Reorganize Boards of Directors.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--Nov. 27, 2001 Global Crossing Ltd., (NYSE NYSE See: New York Stock Exchange :GX), and Asia Global Crossing Ltd., (NYSE:AX), announced today changes to their respective boards of directors to reduce the number of overlapping directors. The Global Crossing board of directors is now comprised of: Gary Winnick Gary Winnick was a founder of Global Crossing Limited, a telecommunications company providing worldwide computer networking services. He was CEO from the company's inception, 1997, until 2002. , chairman; Lod Cook, co-chairman; John Legere; Joseph P. Clayton; Mark L. Attanasio; William S. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. ; Steven J. Green Steven J. Green (born 1945) is a businessman and Honorary Consul General of the Republic of Singapore in Miami, Florida, United States. He was the United States Ambassador to the Republic of Singapore from 1997 to 2001. ; Maria Elena Lagomasino Maria Elena Lagomasino has been a director of The Coca-Cola Company since 2003. Ms. Lagomasino is the past chairman and chief executive officer of J.P. Morgan Private Bank, a unit of J.P. Morgan Chase & Co. Prior to assuming this position in September 2001, Ms. ; and Geoffrey J.W. Kent. Norman Brownstein and Eric Hippeau have resigned from the Global Crossing board. The Asia Global Crossing board of directors is now comprised of: Gary Winnick, chairman; Lod Cook, co-chairman; Jack Scanlon, vice chairman; John Legere; Norman Brownstein; Eric Hippeau; and Pieter Knook. Mark L. Attanasio, Joseph P. Clayton, William S. Cohen, Geoffrey J.W. Kent, Steven J. Green, and Maria Elena Lagomasino have resigned from the Asia Global Crossing board. Additionally, Asia Global Crossing announced that Walter Beran has joined its board of directors. Beran is chairman of Pacific Alliance Group, which primarily focuses on Asia-related business transactions and relationships. He served as vice chairman and member of Ernst & Whinney's (now Ernst & Young) Management Committee for many years prior to his retirement. He has also served as chairman of the board of the Federal Home Loan Bank of San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and member of the board of Arco Chemical Company and a wide variety of other boards. He presently serves on the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of Eureka Mutual Funds; Fleetwood Enterprises Fleetwood Enterprises, Inc. is a leading producer of both recreational vehicles and manufactured housing. It was founded in 1950 by John Crean, and its headquarters are in Riverside, California. It has annual revenues of approximately $2 billion. , Inc.; Ventas, Inc.; and others. Beran's experience includes a wide range of other activities, past and present, including chairman of the Los Angeles Chamber of Commerce The Los Angeles Chamber of Commerce is southern California's largest not-for-profit business federation, representing over 1,500 businesses. Mission "By being the voice of business, helping its members grow and promoting collaboration, the Los Angeles Area Chamber of ; chairman of the Greater Los Angeles United Way Campaign; chairman of the Board of Counselors, School of Business, University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission ; member of California World Trade Commission and the President's Export Council under President Reagan. He is currently secretary-treasurer and trustee of the Ronald Reagan Presidential Foundation. ABOUT GLOBAL CROSSING Global Crossing Ltd. (NYSE:GX) provides telecommunications solutions over the world's first integrated global IP-based network, which reaches 27 countries and more than 200 major cities around the globe. 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 and Europe, and provides services in Asia through its subsidiary, Asia Global Crossing (NYSE:AX). Please visit www.globalcrossing.com or www.asiaglobalcrossing.com for more information. ABOUT ASIA GLOBAL CROSSING Asia Global Crossing (NYSE:AX), a public company whose largest shareholders include Global Crossing (NYSE:GX), Softbank (Tokyo Stock Exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. :9984), and Microsoft (Nasdaq:MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ), provides the Asia Pacific region with a full range of integrated telecommunications and IP services. Through a combination of undersea cables, terrestrial networks, city fiber rings and complex web hosting data centers, Asia Global Crossing is building one of the first truly pan-Asian networks, which, in combination with the worldwide Global Crossing Network, will provide the Asia Pacific region with seamless access to major business centers worldwide. As part of its strategy to provide city-to-city connectivity, Asia Global Crossing partners with leading companies in each country it connects to provide backhaul networks. 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. 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 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion