NTELOS Holdings, a provider of wireless and wireline communications services in seven Mid-Atlantic states, has appointed Michael Moneymaker, current executive vice president (SVP), chief financial officer (CFO), treasurer and secretary, as president and CFO of the company’s wireline business, effective upon the spin-off of the business into an independent, publicly traded company.
NTELOS has also announced that the board of directors intends for Moneymaker to succeed James Hyde as the chief executive officer (CEO) of the wireline business following a post spin-off transition period, and that Mr. Hyde would continue to serve on the wireline business’s board of directors.
The company has appointed Stebbins Chandor, Jr as executive vice president (EVP) of NTELOS. Chandor will succeed Moneymaker as EVP, CFO, treasurer and secretary upon the effective date of the spin-off of the wireline business.
Chandor served as EVP and CFO of iPCS from March 2004 to 9 December 2009, the closing date of Sprint Nextel Corporation’s acquisition of iPCS. Previously he served in other executive management positions with iPCS and with Metro One Telecommunications. From June 1985 to August 1995, Chandor served in various corporate finance capacities with BA Securities, a wholly owned subsidiary of BankAmerica, and affiliated or predecessor firms.
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