GREENVILLE,Following their announcement last week of plans to merge the two communications companies, NewSouth and NuVox have named the combined company’s senior management team.
As previously announced, NewSouth’s Jim Akerhielm will serve as the combined company’s chief executive officer and David Solomon of NuVox will serve as chairman.
“The merger of NewSouth and NuVox takes two strong companies and sets the foundation for one powerful company,” said Akerhielm. “The people at both NuVox and NewSouth are responsible for the success of each of these companies to date.”
The senior management team will be comprised of executives from both companies. From NewSouth will be Chief Financial Officer Stephen Shoemaker, Riley Murphy as general counsel and secretary, David Hudson as senior vice president of sales, VP of Marketing Pendleton Gaines, and Laurence Dubow as senior VP of customer operations.
Representing NuVox will be Christopher Benyo as the new executive VP of sales and marketing, Paul Pitts as senior VP of network operations, Chief Integration Officer Josephine Young, and Marguerite Forrest as senior VP of human resources integration.
“This management team is uniquely qualified to successfully integrate the two companies by building on the strengths and experience of both NewSouth and NuVox,” Solomon said. “By doing so, they can then accelerate the new company’s growth and position NuVox as the leading provider of communications services to business customers in the Southeast and Midwest.”
The new firm will use the NuVox name, but will be headquartered in Greenville, where NewSouth is currently based. NuVox is located in St. Louis, and the combined company will maintain a regional operation there.
The combined company will provide local, long distance, data, Internet, and advanced communications services to business customers across the Southeast and the Midwest. It would initially have approximately 36,000 business customers, 500,000 access lines in service, and annualized revenues exceeding $300 million.
The merger has been approved by the board of both NewSouth and NuVox. Completion of the transaction is subject to approval by the stockholders of both companies, regulatory approvals and customary closing conditions.