Shenandoah Telecommunications Company Announces Resignation of Chief Financial Officer James Woodward
Mr. Woodward joined Shentel in 2017, following a period of rapid growth for the Company. During his tenure, Mr. Woodward led the successful reorganization of the finance and accounting department and the strengthening of the Company’s financial reporting processes and procedures. He leaves Shentel in a strong financial position, having renegotiated the Company’s credit agreement, resulting in reductions to interest expense and more favorable amortization and maturities.
“On behalf of the Board of Directors and executive team at Shentel, I would like to thank Jim for his contribution and leadership at the Company. His depth of public company experience and expertise as a seasoned senior executive were a welcome addition to the senior leadership team,” said President and CEO
Mr. Woodward commented, "I have enjoyed working with the Shentel team. With the support of the Board and the many talented people at Shentel, we were able to accomplish our goals of strengthening the balance sheet, the finance and accounting department and our quarterly and annual reporting practices. Shentel is well positioned to continue to grow and prosper."
Shentel has retained a leading executive search firm to conduct an open and comprehensive search for Mr. Woodward’s replacement.
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Source: Shenandoah Telecommunications Co