FairPoint appoints Ajay Sabherwal as new CFO

As FairPoint Communications (FRCMQ.PK) claws its way out of bankruptcy and tries to restore trust with its New England region customers, the service provider has named Ajay Sabherwal as executive vice president and chief financial officer.

Set to begin on July 19, Sabherwal will report to Chairman and Chief Executive Officer David Hauser and will oversee all aspects of FairPoint's finance function, including accounting, tax, treasury and investor relations.

Sabherwal comes to FairPoint with over 16 years of necessary telecom experience with financial and business planning roles at AT&T Canada, as an analyst at Deacon Barclays de Zoete Wedd, and as the CFO of Choice One Communications.

This experience will certainly come in handy as the service provider moves ahead with its reorganization course. One initial challenge Sabherwal and his team will face out of the gate will be Vermont's rejection of its reorganization plan.

For more:
- see the release here

Related articles:
Maine PUC approves FairPoint's reorganization plan
FairPoint's Vermont network problems continue to swell
FairPoint's Chapter 11 plan gets support from creditors, lenders
Judge approves FairPoint's reorganization plan
FairPoint wants extension for broadband expansion
FairPoint files for Chapter 11 bankruptcy protection


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