Wednesday, January 30, 2002

CEO adds title

Broadwing's Ellenberger elected chairman

By Mike Boyer
The Cincinnati Enquirer

        Broadwing Inc., the parent of Cincinnati Bell, said Tuesday that president and CEO Richard G. Ellenberger, 49, was elected to the additional post of chairman of the board, succeeding James D. Kiggen, who will retire at the April 29 shareholders meeting.

        Mr. Kiggen, who has been Broadwing's chairman since 1999, will turn 70 next month, the mandatory retirement age for Broadwing directors.

        Mr. Kiggen has been a Cincinnati Bell director since 1983. He is also chairman of privately held Xtek Inc., a Cincinnati steel products manufacturer.

        Broadwing was created in late 1999 by Cincinnati Bell's acquisition of IXC Communications.

        “Rick Ellenberger's vision and leadership have been the driving force behind Broadwing's development,” Mr. Kiggen said.

        Mr. Ellenberger, who started his career in telecommunications as a customer service representative for MCI in the early 1980s, was named president of Cincinnati Bell Telephone in 1997 after serving as president of XL Connect, a systems integration firm.

        Broadwing is to report fourth-quarter and fiscal 2001 results Thursday, including charges of up to $300 million to reflect a corporate restructuring announced in November. That included eliminating 900 jobs.

        Broadwing's shares, which closed Tuesday at $8.20, down 40 cents, have plunged more than 70 percent in the last year because of the recession and a slump in broadband demand.


- CEO adds title
Enquirer to provide special report, advice from experts
Industry notes: Banking
Business Digest
Morning Memo
Tristate Summary
What's the Buzz?