This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Frontier Communications Announces Resignation Of EVP & Chief Financial Officer

Frontier Communications Corporation (NASDAQ: FTR) announced today that Don Shassian, its Executive Vice President and Chief Financial Officer, will be resigning from the company. Mr. Shassian will remain in his current position as Chief Financial Officer through the year-end 2012 closing process and filing of the year-end financial statements and certifications on February 26, 2013. He will be succeeded by John M. Jureller who will join the company on January 7, 2013 and become Chief Financial Officer on February 27, 2013. Mr. Shassian will remain with Frontier until March 31, 2013 to help transition responsibilities.

Frontier’s Chairman and Chief Executive Officer Maggie Wilderotter said, “We announce Don’s resignation with regret. He has been a major contributor to our company during pivotal times. In addition to helping spearhead major acquisitions and system conversions, he did a great job managing our balance sheet and interfacing with all of our shareholders.” Mrs. Wilderotter recognized Mr. Shassian’s overall leadership and his contributions to Frontier during his nearly seven-year tenure.

Mrs. Wilderotter added, "On behalf of everyone at Frontier, we wish Don and his family the best in their future endeavors. We appreciate all he has done for Frontier during a time that included company-wide transformation. We tripled in size in 2010, and thanks to Don’s astute oversight we completed key system conversions almost a year ahead of schedule, resulting in increased synergies savings and improved processes.” Mr. Shassian will leave Frontier with the integration of the Verizon acquisition complete, including $650 million of realized synergies.

Mr. Shassian stated, "I am glad to have had the opportunity to work with Maggie and the team at Frontier. My decision to resign allows me to explore the next chapter in my career now that the transition of all our systems to the Frontier platform is complete. I am very pleased about what we have accomplished at Frontier as a team and very proud of my contributions to its overall growth into a FORTUNE 500 company. I wish everyone at Frontier success and look forward to helping John in the transition of responsibilities."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs