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SureWest Announces Addition to Management TeamROSEVILLE, Calif., April 25 /PRNewswire-FirstCall/ -- Leading independent telecommunications holding company SureWest Communications announced today that Scott Sommers has been named Vice President, Treasurer and will report to Senior Vice President and Chief Financial Officer Phil Grybas as part of the company's management committee. In this role, Sommers will lead all treasury functions, including cash management, investor relations, banking and financial institution relationships; directing the planning, procurement and investment funds for SureWest. Sommers will also have executive responsibility for the human resource functions at SureWest. "I am very pleased to announce the appointment of Scott Sommers," said SureWest President and CEO Steve Oldham. "Scott's extensive and solid background make him a great asset to SureWest. His investment and commercial banking background includes 20-plus years of working with utility businesses possessing issues similar to ours, as well as wide-ranging Wall Street and human resource management experience. "The addition of Scott to our executive team helps us ensure our ability to not only effectively meet the competitive challenges in our industry, but also to evaluate business opportunities as they are presented. Additionally, his talent will be utilized to help acquire the capital necessary to deliver on our robust growth opportunities and to leverage the strengths of our very talented employee team. As we continue to grow, we must ensure that we are providing the best possible services to our customers, delivering competitive compensation to our valuable employees and, of course, generating a superior return for our shareholders." Most recently, the 22-year banking and finance veteran served as managing director of investment banking for Cantor Fitzgerald in Los Angeles, CA, where he was responsible for developing new clients and the sales of all investment banking products. He previously worked for Mellon Financial Group from 1998- 2004 as its first vice president, global institutional clients, relationship manager. He served as vice president, team leader for both KBC (1996-1998) and Union Bank of Switzerland (1987-1996). Sommers began his career in 1984 as a corporate research analyst at the First National Bank of Boston before becoming an associate at Security Pacific National Bank in 1986. The 48-year-old Sommers earned his bachelor's degree in history and psychology from the University of Iowa in 1981 and possesses a master's degree in international management from the American Graduate School of International Management in Phoenix, AZ. About SureWest With more than 90 years in Northern California, SureWest and its family of companies together provide a wide variety of highly reliable advanced communications products and services. SureWest provides digital TV, fiber optics, PCS wireless, DSL, high-speed Internet access, data transport, local and long distance telephone service, and directories with the highest standards of customer care. For more information, visit the SureWest web site at http://www.surewest.com/. Safe Harbor Statement Statements made in this news release that are not historical facts are forward-looking statements and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. In some cases, these forward-looking statements may be identified by the use of words such as may, will, should, expect, plan, anticipate, or project or the negative of those words or other comparable words. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the company's actual results to differ from those projected in such forward-looking statements. Important factors that could cause actual results to differ from those set forth in the forward-looking statements include, but are not limited to: advances in telecommunications technology, changes in the telecommunications regulatory environment, changes in the financial stability of other telecommunications providers who are customers of the company, changes in competition in markets in which the company operates, adverse circumstances affecting the economy in California in general, and in the Sacramento, California Metropolitan area in particular, the availability of future financing, changes in the demand for services and products, new product and service development and introductions, pending and future litigation, the internal control issues identified by the company, and unanticipated changes in the growth of the company's emerging businesses, including the wireless, Internet, video and Competitive Local Exchange Carrier operating entities. Contact: Ron Rogers 916-746-3123 [email protected] Photo: http://www.newscom.com/cgi-bin/prnh/20050908/SFSUREWESTLOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk [email protected] SureWest Communications CONTACT: Ron Rogers of SureWest Communications, +1-916-746-3123 [email protected] Web site: http://www.surewest.com/ |