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FairPoint Communications Taps Duke Exec As New CEO

Stock quotes in this article: DUK , FRP , VZ  

CLARKE CANFIELD

PORTLAND, Maine (AP) — The new chairman and chief executive of FairPoint Communications Inc. will work to repair the company's reputation, improve customer service, cut costs and reduce debt when he assumes the job July 1.

David L. Hauser was named Tuesday to succeed Gene Johnson as FairPoint's CEO and chairman of the board. Hauser, 57, comes to FairPoint from Duke Energy Corp. of Charlotte, N.C., where he has worked for 35 years and is chief financial officer. He has been on FairPoint's board since 2005.

"We've been through some tough times, we're getting dramatically better, and I want to keep getting better," Hauser said. ...

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