Primus Telecommunications Names CFO

Wireless News
07-01-2011
Primus Telecommunications Names CFO
Type: News

Primus Telecommunications Group, a facilities-based integrated provider of telecommunications products and services, announced that its Board of Directors has appointed Ken Schwarz Chief Financial Officer, effective July 5.

According to a release, prior to joining PTGi, Schwarz served as President of Simplexity, an Internet wireless retailer. Schwarz previously served as Chief Financial Officer of InPhonic. He also worked at Intersections, a provider of private labeled credit management and identity theft services. Before joining Intersections, he was Senior Vice President of Finance and Information Technology for WinStar Telecommunications and held executive positions with Cable and Wireless, Unitel Communications and MCI Communications Corporation.
"Ken's track record of success in completing financial transactions and leading financial organizations is ideally suited to PTGi as we strategically invest in the value of the PTGi portfolio, drive profitability and cash flow improvements and optimize our capital structure. He also possesses the business acumen and telecommunications experience to help execute our growth strategy and further enhance our Wall Street profile," said Peter Aquino, Chairman, President and Chief Executive Officer.

James Keeley, who has been PTGi's Acting Chief Financial Officer since September 2010, will take over as PTGi's Chief Accounting Officer and Treasurer effective July 5.

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