EarthLink Announces Addition to Board of Directors; Declares Quarterly Dividend of $0.05 per Share |
ATLANTA, GA — October 23, 2013 — EarthLink, Inc. (NASDAQ: ELNK) today announced the appointment R. Gerard Salemme to EarthLink’s Board of Directors. Additionally, the Board of Directors declared a quarterly cash dividend on its common stock in the amount of $0.05 per share to be paid on December 20, 2013 to shareholders of record on December 6, 2013.
"We are pleased to welcome Gerry to our board," commented Rolla P. Huff, Chief Executive Officer and Chairman of EarthLink’s Board of Directors. "Gerry has significant industry experience in strategic planning and investments, as well as in regulatory policy. His skill set will be invaluable to EarthLink’s growth as a nationwide IT services and communications provider."
Mr. Salemme has nearly 30 years of telecommunications experience in both the private and public sectors, having served in leadership positions for strategy and business development for public corporations and private investment firms and in senior federal legislative positions. Since March 2011, he has served as Chief Strategy Officer and Executive Vice President at Pendrell Corporation, an intellectual property investment, advisory services and asset management firm. Mr. Salemme also is a member of the Board of Directors of Pendrell Corporation. He also serves as Chairman of the Board of Directors for RECON Dynamics, LLC, a privately held company offering wireless asset management solutions. Since 1997, he has been a partner in Eagle River Holdings, Inc., a private investment firm formed by Craig McCaw. Mr. Salemme has been involved in telecommunications investment and strategy for McCaw Cellular and for Eagle River portfolio companies, including, XO Communications, Clearwire and Pendrell. In the public sector, Mr. Salemme served as Senior Telecommunications Policy Analyst for the U.S. House of Representatives Subcommittee on Telecommunications and Finance, and as Chief of Staff to Congressman Ed Markey of Massachusetts.
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EarthLink (EarthLink Holdings Corp.,
NASDAQ: ELNK) provides managed network, security and cloud solutions for multi-location businesses. We help thousands of specialty retailers, restaurants, financial institutions, healthcare providers, professional service firms and local governments deliver a reliable and engaging customer experience in their stores and branch offices. We do so by building and managing
MPLS WAN networks, by providing virtualized infrastructure,
secure WiFi and
compliance solutions, and by offering exceptional customer care. We operate a nationwide network spanning more than 28,000 fiber route miles, with 90 metro fiber rings and secure data centers that provide ubiquitous data and voice IP service coverage. Our EarthLink Carrier™ division sells facilities-based wholesale telecommunications to other providers and our award-winning Internet services connect hundreds of thousands of residential customers across the U.S. For more, visit
www.earthlink.com and follow