Brightspeed COO Tom Maguire bumped to CEOBrightspeed COO Tom Maguire bumped to CEO
Brightspeed announced a leadership succession plan that includes Tom Maguire, its current COO, taking over as CEO on November 1. Bob Mudge, Brightspeed's current CEO, will become executive chair of the company's board. #pressrelease
August 29, 2023
CHARLOTTE, N.C. – Brightspeed, the nation's fifth largest incumbent local exchange carrier (ILEC), today announced a leadership succession plan that will enable the company to continue successful execution of the company's mission to bring faster and more reliable Internet service to more than 3 million homes and business across its 20-state footprint. Tom Maguire, current chief operating officer, will succeed Bob Mudge as chief executive officer. Mudge will step into the role of executive chair of the Board of Directors, responsible for the strategic direction of the company. Brightspeed will also welcome Manuel (Manny) Sampedro as chief operating officer. The changes are effective November 1, 2023.
"When we began our exploration of a new internet company in 2020, Bob Mudge, Chris Creager and Tom Maguire were the advisors we trusted to help evaluate and shape the opportunity. We asked each of them to stay on to take the company through the launch and initial stabilization, and we've been so pleased with all that this team has accomplished so far. As planned, Chris transitioned to an advisor role earlier this year, and this next transition is a natural next step in the team's evolution," said Aaron Sobel, partner, private equity at Apollo and Brightspeed Board member. "Bob has helped to shape Brightspeed into the growing, thriving company it is today, and I'm pleased he has agreed to step into the role of executive chair for our Board, where he will remain actively involved in the company."
"Leading Brightspeed has been one of the most rewarding and challenging opportunities of my career," said Mudge. "We established our vision and aligned a talented team to execute, and we're seeing those early efforts pay off as we near our one-year anniversary. The progress we have made in our top three priorities of improving customer service, building a next-generation fiber network and investing in our teams is substantial. I'm eager to continue supporting Brightspeed's growth as executive chair, while making way for Tom to lead us to even greater achievements."
With more than four decades of experience in telecommunications, Tom Maguire brings a breadth of expertise to his new role. Beginning as a field technician and rising through various management and leadership roles at Verizon, Tom ultimately served as SVP, national operations support, responsible for the processes and systems supporting an operations team of 35,000 field technicians, engineering and network operations employees. In his role as COO at Brightspeed, Tom leads a team of nearly 3,000 employees and is responsible for service and repair, as well as the company's multi-year fiber network deployment.
Brightspeed also announced that Manny Sampedro, a long-time telecommunications veteran, will join the organization as the company's new COO. A long-time telecom executive, Manny joins Brightspeed from Verizon, where he most recently served as SVP, business transformation. Throughout his more than 25-year career, he held executive positions with significant P&L responsibility across both the wireline and wireless businesses prior to transitioning to strategy, integration and transformation roles.
Read the full press release here.
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