Now that it has Verizon's (NYSE:VZ) old rural lines under its control, Frontier (NYSE: FTR) is making some changes to its board of directors.
Joining Frontier's board are Edward Edward Fraioli, Pamela D.A. Reeve and Mark Shapiro. These new board member appointments are one of the requirements Frontier needed to fulfill in order to complete its acquisition of Verizon's rural lines.
Under this provision, Frontier is required to have 12 board members, three initially named by Frontier and nine by Frontier.
Fraioli recently retired from public accounting firm Ernst & Young LLP after a 26-year career. Reeve has been a director of American Tower Corporation since March 2002 and Shapiro served as President of theme park company Six Flags Entertainment until May this year.
For more:
- see the release here
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