Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Lumos Networks Appoints Timothy Biltz As CEO - Quick Facts

RELATED NEWS
Trade LMOS now with 

Lumos Networks Corp. (LMOS: Quote) 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.

Register
To receive FREE breaking news email alerts for Lumos Networks Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
U.S. economic activity increased by more than expected in the third quarter of 2014, according to a report released by the Commerce Department on Thursday. The Commerce Department said GDP increased by 3.5 percent in the third quarter compared to 3.0 percent growth expected by economists. Germany's EU measure of inflation unexpectedly slowed in October after holding steady in the previous two months, preliminary estimates from Destatis showed Thursday. The harmonized index of consumer prices rose 0.7 percent annually following 0.8 percent increase in each of the previous three months.... First-time claims for U.S. unemployment benefits saw a modest increase in the week ended October 25th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged up to 287,000, an increase of 3,000 from the previous week's revised level of 284,000.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.