Global Crossing Names José Antonio Ríos President, Latin America and the Caribbean
(EMAILWIRE.COM, March 01, 2001 ) Global Crossing, Ltd., (NYSE: GX), which provides integrated telecommunications solutions over the world's most extensive global IP-based fiber optic network, today announced that José Antonio Ríos has joined the company as President, Latin America and the Caribbean, effective immediately. Mr. Ríos, who will report directly to Global Crossing's Chief Executive Officer Tom Casey, has also been named senior vice president of Global Crossing Ltd. and will serve as a member of the company's management committee.
Mr. Ríos will oversee all Global Crossing operations in Latin America and the Caribbean and will be based at the company's regional headquarters in Miami. He will take over responsibilities handled in an interim capacity by Joseph P. Clayton, president of North America for Global Crossing. In 2000, the company combined the operational territories of South America and Mexico, Central America and the Caribbean into one region. Global Crossing's regional presence includes approximately 160 employees located in Miami and in seven in-region offices.
Prior to joining Global Crossing, Mr. Ríos served as President and CEO of Telefónica Media, where he managed a diverse portfolio of companies in the media, telecommunications and Internet sectors. He also contributed decisively to Telefónica's expansion and integration into Latin America, including several strategic merger and acquisition efforts, among them the successful Terra/Lycos merger that created the world's third largest Internet portal. Mr. Ríos was one of seven members of the corporate executive committee of Telefónica S.A. and a corporate general director. He also served on the boards of over 30 companies within the Telefónica group. Currently, Mr. Rios is chairman of the supervisory board of Endemol Entertainment. Endemol, which is based in Holland, is the largest independent television producer in Europe.
"We are delighted that an executive with the stature and experience of José Antonio Ríos has joined Global Crossing to lead our efforts in one of the world's most dynamic and diverse regions," said Mr. Casey. "His unparalleled knowledge of the region and his successful background as a pioneer in the telecom, Internet and media industries will be invaluable as we move forward with our aggressive expansion plans in Latin America. We look forward to working with José Antonio to change the face of telecommunications in Latin America and the world."
Added Mr. Ríos, "I look forward to contributing to the continued development and future growth of Global Crossing in Latin America & the Caribbean region, as well as participating in the unprecedented creation of the world's first truly global broadband services provider. I am delighted to have the opportunity to contribute to a leading global management team, recognized throughout the industry for its professionalism and entrepreneurial spirit."
Before joining Telefónica, Mr. Ríos was the founding president and chief executive officer of Galaxy Latin America(tm) (GLA), where he was responsible for the planning, development, and launch of DIRECTV(tm), a pioneer in digital direct-to-home satellite television entertainment in Latin America, with over 1.4 million subscribers in 27 countries. He served as a member of the GLA board of directors and was also a corporate vice president of Hughes Electronics, a GLA owner, and a member of that company's office of the chairman.
A native of Venezuela, Mr. Ríos previously served as chief operating officer and corporate vice president of the Cisneros Group of Companies, a diversified conglomerate with interests in the telecommunications, and media content and distribution industries. In his 13 years with the Cisneros Group, Mr. Ríos held a succession of increasingly responsible positions, including tenure as a board member or president in over 60 Cisneros companies.
Mr. Ríos holds a degree in Industrial Engineering from the Andres Bello Catholic University in Caracas. He is married and the father of three grown children.
About Global Crossing
Global Crossing Ltd. (NYSE: GX) provides integrated telecommunications solutions over the world's most extensive global IP-based fiber-optic network, which will have more than 100,000 route miles, reaching five continents, 27 countries and more than 200 major cities by mid-2001. Global Crossing serves many of the world's largest corporations, providing a full range of managed data and voice products and services. Global Crossing operates throughout the Americas, Europe, and the Asia/Pacific region, and provides services in Asia through its subsidiary, Asia Global Crossing. Global Crossing Solutions provides integrated telecommunications solutions, including network outsourcing, to large global enterprises. Please visit www.globalcrossing.com or www.asiaglobalcrossing.com for more information.
Statements made in this press release that state the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.
-------------------
Produced for Global Crossing
Contacts:
Ken Simril
Global Crossing
(310) 385 3882
investors@globalcrossing.com
Teresa M. Mueller
Global Crossing
(305) 808-5947
tmmueller@globalcrossing.com
Alex Armas
Edelman Public Relations
(305) 358-7643
alex.armas@edelman.com
-------------------
Mr. Ríos will oversee all Global Crossing operations in Latin America and the Caribbean and will be based at the company's regional headquarters in Miami. He will take over responsibilities handled in an interim capacity by Joseph P. Clayton, president of North America for Global Crossing. In 2000, the company combined the operational territories of South America and Mexico, Central America and the Caribbean into one region. Global Crossing's regional presence includes approximately 160 employees located in Miami and in seven in-region offices.
Prior to joining Global Crossing, Mr. Ríos served as President and CEO of Telefónica Media, where he managed a diverse portfolio of companies in the media, telecommunications and Internet sectors. He also contributed decisively to Telefónica's expansion and integration into Latin America, including several strategic merger and acquisition efforts, among them the successful Terra/Lycos merger that created the world's third largest Internet portal. Mr. Ríos was one of seven members of the corporate executive committee of Telefónica S.A. and a corporate general director. He also served on the boards of over 30 companies within the Telefónica group. Currently, Mr. Rios is chairman of the supervisory board of Endemol Entertainment. Endemol, which is based in Holland, is the largest independent television producer in Europe.
"We are delighted that an executive with the stature and experience of José Antonio Ríos has joined Global Crossing to lead our efforts in one of the world's most dynamic and diverse regions," said Mr. Casey. "His unparalleled knowledge of the region and his successful background as a pioneer in the telecom, Internet and media industries will be invaluable as we move forward with our aggressive expansion plans in Latin America. We look forward to working with José Antonio to change the face of telecommunications in Latin America and the world."
Added Mr. Ríos, "I look forward to contributing to the continued development and future growth of Global Crossing in Latin America & the Caribbean region, as well as participating in the unprecedented creation of the world's first truly global broadband services provider. I am delighted to have the opportunity to contribute to a leading global management team, recognized throughout the industry for its professionalism and entrepreneurial spirit."
Before joining Telefónica, Mr. Ríos was the founding president and chief executive officer of Galaxy Latin America(tm) (GLA), where he was responsible for the planning, development, and launch of DIRECTV(tm), a pioneer in digital direct-to-home satellite television entertainment in Latin America, with over 1.4 million subscribers in 27 countries. He served as a member of the GLA board of directors and was also a corporate vice president of Hughes Electronics, a GLA owner, and a member of that company's office of the chairman.
A native of Venezuela, Mr. Ríos previously served as chief operating officer and corporate vice president of the Cisneros Group of Companies, a diversified conglomerate with interests in the telecommunications, and media content and distribution industries. In his 13 years with the Cisneros Group, Mr. Ríos held a succession of increasingly responsible positions, including tenure as a board member or president in over 60 Cisneros companies.
Mr. Ríos holds a degree in Industrial Engineering from the Andres Bello Catholic University in Caracas. He is married and the father of three grown children.
About Global Crossing
Global Crossing Ltd. (NYSE: GX) provides integrated telecommunications solutions over the world's most extensive global IP-based fiber-optic network, which will have more than 100,000 route miles, reaching five continents, 27 countries and more than 200 major cities by mid-2001. Global Crossing serves many of the world's largest corporations, providing a full range of managed data and voice products and services. Global Crossing operates throughout the Americas, Europe, and the Asia/Pacific region, and provides services in Asia through its subsidiary, Asia Global Crossing. Global Crossing Solutions provides integrated telecommunications solutions, including network outsourcing, to large global enterprises. Please visit www.globalcrossing.com or www.asiaglobalcrossing.com for more information.
Statements made in this press release that state the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.
-------------------
Produced for Global Crossing
Contacts:
Ken Simril
Global Crossing
(310) 385 3882
investors@globalcrossing.com
Teresa M. Mueller
Global Crossing
(305) 808-5947
tmmueller@globalcrossing.com
Alex Armas
Edelman Public Relations
(305) 358-7643
alex.armas@edelman.com
-------------------
Contact Information:
Global Crossing
Joseph Nchor
Tel:
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Global Crossing
Joseph Nchor
Tel:
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
|
Private Equity, Angel Investing
Equity Alliance / Private Equity, Angel Investing, / IPO, Venture Capital & IR services / Equity Alliance International Equityallianceir.com Penny Stocks to Watch Sign up for hot penny stock picks Gains of 500%+ possible! Premiumstockpicks.com/landing/ Your text Ads & PR Text Ads plus unlimited press releases, One release featured/Day for only $575 per month. Read more on Text Ads & PR Your text Ads Here! Text Ads are only $289 per month. Ads are placed same day. More on Text Ads Advertising |