Stamford’s Frontier Communications, which bought AT&T’s Connecticut wireline operations last year, said its longtime CEO Maggie Wilderotter will transition out of the role in early April.
Daniel J. McCarthy, president and chief operating officer since 2012, will succeed Wilderotter, who has been CEO for more than a decade. She will become executive chairman of Frontier’s board of directors, Frontier said.
The announcement comes not long after the October close of Frontier’s $2 billion deal with AT&T, which included landline telephone, cable television and Internet operations.
Last month Frontier said it intended to pay $10.54 billion for Verizon wireline assets in California, Florida and Texas. McCarthy led those negotiations, Frontier said. He has been with Frontier since 1990.
In 2010, under Wilderotter, Frontier inked an $8.6 billion all-stock transaction to acquire Verizon assets in Arizona, Idaho, Illinois, Indiana, Michigan, Nevada, North Carolina, Ohio, Oregon, South Carolina, Washington, West Virginia and Wisconsin.
As of Dec. 31, Frontier had 3.5 million customers and 17,400 employees in 28 states.
In a statement, Wilderotter — who Frontier said began discussing her departure with the board several years ago — called McCarthy “the right leader to advance Frontier’s record of success.”
McCarthy is a trustee for The Committee for Economic Development and Sacred Heart University, as well as a member of the Western Connecticut Health Network Corporate Advisory Council.
