Consolidated Communications has named Bob Udell as its next president and CEO, a role he will formally take on in January.
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A 20-year company veteran, Udell has more than 25 years of telecom industry experience and has been serving as Consolidated's COO since 2011. In November 2013, Udell became president and COO and one of the directors on the company's board.
Udell will take over the reins of the telco from Bob Currey, who has been serving as chairman and CEO since 2013; Currey will become Consolidated's executive chairman.
Currey also served as president and CEO and as a director. Earlier, Currey also served as president of Consolidated's predecessor company from 1990 to 1997.
"Since Udell was named COO in 2011, we have been methodically transitioning the CEO functions," Currey said in a release. "He has demonstrated his ability to lead the company and will continue to drive value for our shareholders."
Udell's appointment to CEO comes during another transitional time for the telco.
Following its acquisition of SureWest--one that gave the telco instant presence in California and Kansas City--the service provider launched a deal for Enventis. By purchasing Enventis, Consolidated will immediately expand its fiber network capabilities across 11 states with a growing concentration on serving lucrative larger business customers and wholesale wireless customers.
For more:
- see the release
Editor's Corner: Consolidated's Enventis deal shows ongoing need to diversify its revenue base
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