This Day On The Street
Continue to site
ADVERTISEMENT
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

Lumos Networks Corp. Announces CFO Transition

Lumos Networks Corp. (“Lumos Networks” or the “Company”) (Nasdaq: LMOS), a fiber-based service provider of data, voice and IP-based telecommunication services in the Mid-Atlantic region announced that the Board of Directors of the Company has appointed Johan G. Broekhuysen, the Company’s Vice President, Corporate Controller and Chief Accounting Officer, to serve as interim Chief Financial Officer effective today. Mr. Broekhuysen is succeeding Harold L. Covert who is resigning as CFO for family reasons. Mr. Covert will provide transition services through September 2014. The Company is beginning a search process for Mr. Covert’s permanent successor.

“On behalf of the Board, I would like to thank Hal for his service to the Company and wish him the very best,” said Tim Biltz, President and Chief Executive Officer. “Hal joined us in September of 2011 as we were preparing to become a public company. He played an important role in all that we accomplished during his three years with us and we are grateful for his continued help during this transition.” Mr. Biltz continued, “We are committed to carrying out a thorough search to identify the right CFO candidate to join our company as we continue to pursue our transformation goals of expanding our fiber network within our core markets and edge out markets, growing our fiber-based broadband services, and expanding our FTTC carrier Ethernet business. We are pleased that Johan has agreed to serve as interim Chief Financial Officer until a successor is appointed. Johan is a valued member of our team, currently serving as our Chief Accounting Officer. He has an in-depth understanding of our company. We expect him to provide strong leadership in the interim allowing for a smooth transition.”

Mr. Broekhuysen, age 43, joined the Company in November 2012 as Vice President and Corporate Controller and was appointed Chief Accounting Officer in January 2014. Prior to joining the Company, Mr. Broekhuysen was Senior Vice President, Assistant Treasurer and Corporate Controller of GlobalLogic, Inc., a privately-held software research and development company, from 2009 to January 2012 and Vice President and Corporate Controller of GlobalLogic, Inc. from 2008 to 2009. Prior to joining GlobalLogic, Inc., Mr. Broekhuysen was Director, Financial Reporting and Consolidation of AOL, LLC, an online advertising and Internet connectivity provider, from 2007 to 2008 and Director, Service Revenue Accounting of AOL, LLC from 2004 to 2007.

1 of 3

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,734.36 -17.03 -0.10%
S&P 500 2,106.84 -1.73 -0.08%
NASDAQ 5,126.9110 +15.1780 0.30%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs