logo
Share SHARE
FONT-SIZE Plus   Neg

Lumos Networks Appoints Timothy Biltz As CEO - Quick Facts

Lumos Networks Corp. (LMOS) announced that it appointed Timothy Biltz as its Chief Executive Officer, effective April 26, 2012. The company said that Biltz replaces James Hyde who has been serving as the interim Chief Executive Officer following the separation from NTELOS Holdings Corp. in October 2011. Hyde will remain in his position as a member of the Lumos Networks Board of Directors.

Biltz served as Chairman of the Board of Directors of iPCS, Inc. from November 2006 through December 2009. From 1999 to 2005, Biltz was the Chief Operating Officer of SpectraSite, Inc. From 1989 to 1999, Biltz was employed by Vanguard Cellular Systems, Inc. in a number of posts of increasing responsibility, ultimately serving as the Executive Vice President and Chief Operating Officer.

Lumos Networks also announced that Michael Moneymaker is retiring from his position as President of Lumos Networks and as a member of the Board of Directors.

In connection with Biltz's appointment, Lumos Networks granted Biltz certain equity awards, including 165,000 shares of restricted stock.

The restricted stock will vest in four annual installments beginning December 31, 2012 and ending December 31, 2014.

The company said its board declared a quarterly cash dividend on its common stock in the amount of $0.14 per share to be paid on July 12, 2012 to stockholders of record on June 14, 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Activist investor Rudolf Bohli is reportedly targeting Switzerland's second largest bank Credit Suisse. Bloomberg reported that Bohli has 0.2 percent stake in Credit Suisse that comes around 100 million francs or around $102 million. Australia's flag carrier Qantas Airways Ltd. on Tuesday took delivery of its first Boeing 787-9 Dreamliner aircraft, noting that the game-changing aircraft will open up new routes and new levels of comfort for travelers. The new aircraft will enable Qantas to operate Australia's first regular non-stop flights to Europe. Flight 666 for HEL departed just after the 13th hour on Friday, October 13, for one last time. Nevertheless, the FinnAir A320 flight from Copenhagen, Denmark, did land safely at HEL - the International Air Transport Association code for Helsinki in Finland - an hour and a half later in partly sunny weather. Friday the 13th is considered an unlucky day in Western superstition.
comments powered by Disqus
Follow RTT