EX-99.1
PRESS RELEASE, DATED December 4, 2000.
[COMPANY LOGO] FOR IMMEDIATE RELEASE
For more information, contact:
Media Contact: Investor Contact:
Susan Koehler (303) 414-5347
(303) 414-5634 [email protected]
[email protected]
ICG COMMUNICATIONS ANNOUNCES MANAGEMENT CHANGES
ENGLEWOOD, Colo. (Dec. 4, 2000) - ICG Communications, Inc. (ICGXQ)
announced today the resignations of several executive team members as part of
its on-going financial restructuring efforts. ICG is a telecommunications
company and provider of network infrastructure, facilities and management.
Executive team members resigning include William S. Beans Jr., president
and chief operating officer; Harry Herbst, executive vice president and chief
financial officer; Cindy Schonhaut, executive vice president of Government and
External Affairs; and Carla J. Wolin, executive vice president of People
Services.
"I understand it is difficult to accept this change on a personal level
for those who have worked closely with the team members leaving," said Randall
E. Curran, chief executive officer. "I have complete confidence in ICG's
employees and their ability to carry on and support the company's leadership as
we transition to a more direct chain of command."
ICG's day-to-day operations will be overseen by Curran and Mike Kallet,
executive vice president of Operations, with the support of David Hurtado,
senior vice president of Telephony Operations, Darlinda Coe, senior vice
president of Network Support, and Gary Lindgren, senior vice president of
Engineering.
Beans will remain on ICG's board of directors to further support ICG as the
company continues with its financial restructuring. The company anticipates, and
looks forward to, Herbst, Schonhaut and Wolin consulting for ICG on an as-needed
basis.
"Bill has been highly supportive of me and the organization at every
level," said Curran. "I applaud Bill, Harry, Cindy, and Carla for their many
contributions to ICG during their tenure and appreciate their cooperation with
this transition."
Rich Fish, senior vice president of Finance at ICG, was promoted to
executive vice president and chief financial officer, and Gayle Landis, vice
president of People Services was promoted to senior vice president. Both Fish
and Landis will report directly to Curran. LaCharles Keesee, vice president
Government and External Affairs was promoted to senior vice president and will
report to Bernie Zuroff, ICG's general counsel.
In addition, Bob Athey, senior vice president of Sales; Kim Gordon,
senior vice president of Marketing; Brian Cato, vice president of Customer Care;
and Jack Campbell, chief information officer and senior vice president of
Information Systems, also will report directly to Curran.
On November 14, 2000, ICG filed for Chapter 11 Bankruptcy Protection and
also announced it had secured a commitment for up to $350 million of new
financing from Chase Manhattan Bank.
-more-
ICG ANNOUNCES MANAGEMENT CHANGES Page 2 of 2
About ICG Communications
ICG Communications, Inc. is an Englewood, Colo.-based telecommunications company
with a nationwide voice and data network. The company is a competitive local
exchange carrier (CLEC) and broadband data communications company, as well as a
provider of network infrastructure, facilities and management. ICG delivers
products and services to its customer base of Internet service providers (ISPs),
business customers, and interexchange carriers through its national network. For
more information about ICG Communications (NASDAQ: ICGX), visit the company's
Web site at http://www.icgcom.com.
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