Vyve Broadband gets a new CEO

Mega Broadband Investments LLC ("MBI"), a leading provider of broadband services across the Southeast, Northwest, and Mid-South United States that goes to market under the Vyve Broadband brand ("Vyve"), today announced that Andy Parrott has been promoted to the role of CEO, effective May 1st, 2024. Current CEO Phil Spencer will transition to a senior advisor role to continue to support the business' growth.

"We want to thank Phil for his strong leadership and partnership as CEO of MBI over the last six years and for the instrumental role he has played to build and grow MBI into the business it is today.  Phil is a world-class CEO, and even more importantly he is a close friend and mentor to all of us at MBI," says Stephen Jeschke, MBI Board Member and Managing Director at GTCR, a leading private equity firm and majority investor in MBI. "Phil recruited Andy back in 2019 to join MBI with the vision that Andy had the potential to be his successor and we are thrilled to have Andy stepping into the CEO role from his current role as President and COO."

"Andy is a remarkable leader who has been instrumental to several strategic initiatives at MBI including the roll out of Gigabit internet service across the footprint, improvement of customer service, and growth of residential HSD penetration in key markets," added Phil Spencer.  "Since Andy joined the team in 2019 he has demonstrated he understands the business on a very deep level, and we are all very confident in Andy's leadership capabilities and believe his innate passion for the Company's employees and customers will help contribute to his success in driving MBI's growth strategy moving forward."

"We have been very impressed with Andy's impact on the business during our time as investors over the last several years, and his thoughtful leadership alongside Phil has been core to MBI's strong performance," says Julie Laulis, CEO of Cable One (NYSE: CABO), a leading broadband communications provider and minority investor in MBI. "Andy has a community-first mindset and a management style that fosters a culture of continuous improvement – these attributes align well with our values at Cable One, and we are excited to continue to partner with Andy and his team for the next chapter of growth for MBI."

An industry veteran, Mr. Parrott began his career in technical operations for Charter Communications before serving in roles of increasing seniority at Suddenlink Communications and, eventually, Altice USA after their 2015 acquisition of Suddenlink. Mr. Parrott joined MBI in 2019 as the Chief Operating Officer and was promoted to the role of President in 2021. During his time at MBI, Mr. Parrott has led the system upgrade efforts, integration of MBI's acquisitions, and continued focus on customer-centricity, as well as the management of day-to-day operations across field services, engineering, network operations, construction, IT, and customer care.

Read the press release here.

Vyve Broadband