EarthLink Announces Additions to Board of Directors; Declares Quarterly Dividend of $0.05 per Share |
ATLANTA, GA — July 16, 2013 — EarthLink, Inc. (NASDAQ: ELNK) today announced the appointment of Kathy S. Lane and Julie A. Shimer, Ph. D. to EarthLink's Board of Directors, expanding the size of the Board to 9 members. 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 September 13, 2013 to shareholders of record on August 30, 2013.
"We are extremely pleased to welcome Kathy and Julie to our Board," commented Rolla P. Huff, Chief Executive Officer and Chairman of EarthLink's Board of Directors. "As we continue our transformation to a leading IT services, network and communications provider, both executives will bring important skill sets and deep experience to our Board."
Ms. Lane has 30 years of IT experience, including CIO roles in the Consumer Products, financial services, utilities and retail industries. Most recently she was EVP/CIO of TJX Companies, Inc., a specialty apparel retailer, from October 2008 until her retirement in March of this year. Previously she was Group CIO at National Grid USA and SVP/CIO of Gillette Company and before that she held positions of increasing responsibility in IT at General Electric, Pepsi-Cola International and Procter & Gamble. Ms. Lane has been active in many industry groups, including Oracle's President's Council. From 2002-2013 she was a member of the CIO Strategy Exchange, a forum sponsored by Kleiner Perkins Caulfield Byers and Ostriker von Simson to evaluate emerging, innovative technologies.
Dr. Shimer is currently a private investor and has 30 years of product development experience, including many years with major communications companies. From March 2007 to April 2012 she served as Chief Executive Officer of Welch Allyn, Inc., a manufacturer of frontline medical products and solutions, having served on the board of directors beginning in July 2002. Previously Dr. Shimer was President and Chief Executive Officer of Vocera Communications, Inc., a provider of wireless communications systems, also serving on the board of directors. She also has served as general manager at 3Com Corporation and Motorola and has been a product development leader at Motorola and AT&T Bell Laboratories. Since March 2007, Dr. Shimer has been a director of Netgear, Inc., a home and small business network solutions provider. She also has served as the Chairwoman of Empire State Development Corp., the State of New York's economic development organization.
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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