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SureWest Announces Officer Departure; Updates on CEO Search8 October 2005
Leading independent
telecommunications holding company SureWest Communications (Nasdaq: SURW)
announced today that Robert M. Burger, Senior Vice President and Chief
Operating Officer of the company's wireless affiliate SureWest Wireless, will
be leaving his position effective October 8, 2005.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050908/SFSUREWESTLOGO )
Burger, 48, joined the company in 1998 to launch the wireless business,
and will be relocating to the state of Washington to pursue opportunities
there. In the seven years since he joined the company, Burger has overseen the
build out of the wireless operations in the Sacramento and contiguous markets.
SureWest Wireless now has more than 50,000 wireless customers, providing
annual revenues of approximately $35 million. SureWest had implemented some
reorganizational moves earlier this year that resulted in the integration of
many functional areas across its operating unit lines, including SureWest
Wireless.
Brian Strom, President and CEO of SureWest, remarked, "We are truly
indebted to Bob for his contributions in taking our wireless business from its
start-up phase to where we are today, with more than 50,000 wireless
customers. As our emerging businesses have begun to mature, the company
recently took advantage of the opportunity to unify many of our internal
support operations. After seeing this process through, Bob believed it was a
perfect time to seek out new challenges. Bob deserves our gratitude, and we
wish him the best."
Separately, the company reported that its search for a new President and
CEO is ongoing. Kirk Doyle, Chairman of SureWest's Board, provided the
following comments: "Our search committee has worked diligently to identify
the best person to lead the company, and we have met with many outstanding
candidates. As we move deeper in the fiscal year, we believe we may not
complete the process until sometime in the next quarter. Fortunately, Brian
Strom, our current CEO, has agreed to remain in his position to assure a
smooth transition. Therefore, we are less driven by any deadline than by the
need to make the right decision for our shareowners. The Board is confident,
and our improved results reflect that the company has the necessary
initiatives and effective strategies in place to grow and remain competitive
in our marketplace."
About SureWest
With 90 years in Northern California, SureWest and its family of companies
together provide a wide variety of highly reliable advanced communications
products and services. SureWest provides digital TV, fiber optics, PCS
wireless, DSL, high-speed Internet access, data transport, local and long
distance telephone service, and directories with the highest standards of
customer care. For more information, visit the SureWest web site at
http://www.surewest.com.
Safe Harbor Statement
Statements made in this news release that are not historical facts are
forward-looking statements and are made pursuant to the safe harbor provisions
of the Securities Litigation Reform Act of 1995. In some cases, these
forward-looking statements may be identified by the use of words such as may,
will, should, expect, plan, anticipate, or project or the negative of those
words or other comparable words. We undertake no obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise. Such forward-looking statements are subject to a
number of risks, assumptions and uncertainties that could cause the company's
actual results to differ from those projected in such forward-looking
statements.
Important factors that could cause actual results to differ from those set
forth in the forward-looking statements include, but are not limited to:
advances in telecommunications technology, changes in the telecommunications
regulatory environment, changes in the financial stability of other
telecommunications providers who are customers of the company, changes in
competition in markets in which the company operates, adverse circumstances
affecting the economy in California in general, and in the Sacramento,
California Metropolitan area in particular, the availability of future
financing, changes in the demand for services and products, new product and
service development and introductions, pending and future litigation, the
internal control issues identified by the company, and unanticipated changes
in the growth of the company's emerging businesses, including the wireless,
Internet, video and Competitive Local Exchange Carrier operating entities.
Contact: Ron Rogers
Public Relations Manager
916-746-3123
r.rogers@surewest.com
Source: PR Newswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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