Inteliquent taps former Sprint exec Carter to be new CEO

Inteliquent has named former Sprint (NYSE: S) executive Matt Carter to take over the reins of the company as its new president and CEO, signaling another step in the company's ongoing transition to refocus its efforts on the voice services space.

Carter, who departed from Sprint in November, will officially begin in his new position and join the board of directors on June 22.

Current CEO Edward Evans, who was formerly the CEO and chairman of Syniverse, will remain in the CEO role until Carter assumes his new position.

Before coming to Inteliquent, Carter served in a number of roles at Sprint. Between 2010 and 2014, he served as president of Sprint's Enterprise, Emerging and Wholesale Solutions business unit, which provides platform solutions serving a broad range of industries and customers in over 165 countries. Earlier, Carter served as president of Boost Mobile, part of Sprint's prepaid group, from 2008 until 2010.

Prior to arriving at Sprint, Carter served in senior marketing roles at PNC Financial Services Group.

Carter's appointment comes at what has been a transitional time for the company and its leadership ranks that's been going on for over two years.

In January, Inteliquent announced that Evans would leave the company after his contract expired this March. However, he agreed to remain in the role until it found a replacement.

Inteliquent did not provide any reason for Evans' departure other than to say that he was leaving to "pursue other interests."

Evans, according to various reports, faced a number of unique challenges during his four-year tenure with the company. In addition to having to pay $9 million to a major customer following a billing dispute, Inteliquent sold Tinet to GTT, a virtual network operator, for $54.5 million.

In August 2013, David Zwick, Inteliquent's CFO became the latest in a string of executives to leave the troubled wholesale voice tandem provider. According to a lawsuit, Zwick claimed that  Inteliquent's board members let him go after he began asking questions about possible insider-trading violations and that they did not talk to Evans about terminating Zwick from the company.

Following its struggle to make a profit from its acquisition of wholesale Ethernet provider Tinet, Surendra Saboo, president and chief operating officer, and company CFO Robert M. Junkroski announced in September 2012 they would step down. 

For more:
- see the release

Related articles:
Inteliquent's CFO David Zwick steps down
Inteliquent reveals shareholder cash return strategy
GTT buys Inteliquent data business for $54.5 million, enhances Ethernet interconnectivity

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