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Jack Cassidy Elected Vice Chairman of the Board, Ted Torbeck Named CEO at Cincinnati Bell Inc.
CINCINNATI --(Business Wire)--
Cincinnati Bell (News - Alert) Inc. (NYSE: CBB) announced today that Ted Torbeck has
been named Chief Executive Officer of the company and member of the
Board of Directors. He succeeds Jack Cassidy, who has been elected Vice
Chairman of the Board.
Jack Cassidy (Photo: Business Wire)
Formalized by the Board in a vote this morning and effective
immediately, the move is part of Cincinnati Bell's established
succession plan.
"The Board shares my confidence that Ted will lead the company
successfully through its next chapter," said Mr. Cassidy. "Over the past
two years, under Ted's leadership, Cincinnati Bell Communications has
provided support for the growth of the data center business and has
successfully invested in and grown the company's fiber-based products
for both consumer and business. Ted has a strong vision for the future
and a comprehensive plan to achieve growth in the business and consumer
markets. I'm confident that he and his team will move the company
forward."
Mr. Cassidy will have a new leadership role at Cincinnati Bell as Vice
Chairman of the Board of Directors. "Jack's extraordinary leadership and
courage were instrumental in Cincinnati Bell's transformation from a
struggling long-haul fiber carrier to a vibrant telecommunications and
data center company," said Phil Cox (News - Alert), Cincinnati Bell Chairman of the
Board. "Cincinnati Bell's highly successful IPO of CyrusOne Inc. marks
the final chapter of Jack's service as CEO but does not mark the end of
his contributions. Jack will continue to provide leadership and vision
in his role as Vice Chairman of the Board."
About Ted Torbeck
Ted Torbeck is CEO of Cincinnati Bell Inc. He joined Cincinnati Bell in
2010 as President and General Manager of Cincinnati Bell Communications.
In that role, he was responsible for all Cincinnati-based communications
businesses, whichinclude Cincinnati Bell Telephone and other wireline
companies, Cincinnati Bell Wireless and CBTS.
Prior to joining Cincinnati Bell, Mr. Torbeck was Chief Executive
Officer of the Freedom Group, a subsidiary of Cerberus Capital
Management, a private equity firm. In this role, Mr. Torbeck acquired
nine companies and integrated them into one entity. Mr. Torbeck worked
more than 25 years for the General Electric Co. He served as the Vice
President of Operations for GE Industrial Business, President and CEO of
GE's Rail Services business as well as Vice President of Global Supply
Chain for GE Aviation.
A native of Cincinnati, Mr. Torbeck earned his B.S. in Marketing from
Miami University in Oxford, Ohio, and his MBA at Xavier University. He
is on the Board of Directors for United Way of Greater Cincinnati and
the USA Regional Chamber Board. In addition, he serves on the Minority
Business Accelerator Leadership Council for the Cincinnati USA Regional
Chamber and is a member of the Cincinnati Regional Business Committee
with a focus on education. He is also the capital campaign co-chair for
St. Aloysius.
About Jack Cassidy
Jack Cassidy is Vice Chairman of the Board of Cincinnati Bell Inc. and
Chairman of the Board of CyrusOne (News - Alert) Inc. (NASDAQ: CONE).
He has been employed at Cincinnati Bell for 17 years, including 9 years
as CEO. During his tenure, he led Cincinnati Bell into the wireless,
long distance, fiber and, most recently, the data center business.
Mr. Cassidy serves or has served on the boards of the Cincinnati USA
Regional Chamber, Cincinnati Business Committee, Cincinnati Museum
Center, University Hospital, 3CDC, the Boomer Esiason Foundation and is
the past chair of the Cincinnati Chamber of Commerce's Regional
Technology Initiative and Chair of the Chamber's Minority Business
Accelerator Program.
In addition to being honored as the Personal Communications Industry
Association's (PCIA) Distinguished Corporate Citizen, Mr. Cassidy has
received the Overstreet Award for Education, the Cincinnati School
Board's "Making a Difference" award, and the Cincinnatus Association
John E. Pepper Award. Most recently, he was recipient of the Cincinnati
Human Relations Commission "Connecting Cultures & Communities" award.
Cincinnati Bell and Jack Cassidy were honored as JDRF Cincinnatians of
the Year. He and Anthony Smith, former Principal of Robert A. Taft
Information Technology High School, were 2012 national award recipients
of the Jacqueline Kennedy Onassis "Jefferson Awards for Public Service."
Their relationship is also featured in Tom Brokaw's book The Times of
Our Lives.
Mr. Cassidy attended Cleveland State University's Management and Labor
Relations program. He was awarded an Honorary Ph.D. from Cleveland State
University in 2006.
About Cincinnati Bell Inc.
With headquarters in Cincinnati, Ohio, Cincinnati Bell (NYSE: CBB)
provides integrated communications solutions - including local and long
distance voice, data, high-speed internet, entertainment and wireless
services - that keep residential and business customers in Greater
Cincinnati and Dayton connected with each other and with the world. In
addition, enterprise customers across the United States rely on
Cincinnati Bell for efficient, scalable office communications systems
and end-to-end IT solutions. Cincinnati Bell also is the majority owner
of CyrusOne Inc. (NASDAQ: CONE), which provides best-in-class data
center colocation services to enterprise customers through its
facilities with fully redundant power and cooling solutions that are
currently located in the Midwest, Texas, Arizona, London and Singapore.
For more information, please visit www.cincinnatibell.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130131006608/en/
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