FairPoint's CFO resigns; Co. picks Cisco for broadband deployment
Charlotte, N.C.-based FairPoint Communications, which owns 32 local exchanges in 18 states, said that EVP and CFO John Crowley resigned, effective Aug. 15.
Crowley, who joined FairPoint in 2005, will join Bethesda, Md.-based Financial Markets International.
Linda Hood, currently SVP and controller, was appointed as acting CFO. FairPoint has hired Russell Reynolds Associates to help in its search for a new CFO.
FairPoint Communications also announced that it selected Cisco as one of the primary equipment providers for the company’s proposed New England Internet Protocol (IP) and Multi-Protocol Label Switching (MPLS) broadband initiative. FairPoint said the implementation of the IP/MPLS network is a major step toward increasing the availability of broadband in the region.
FairPoint picked Cisco’s Carrier Routing System (CRS-1) as the core platform of its IP/MPLS infrastructure, the Cisco 7600 Series Routers for the IP/MPLS edge, and the Cisco 10000 Series Edge Services Router (ESR) for aggregation and termination.
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