GlobalX Names General Counsel

MADISON, N.J. -- Global Crossing announced today that John B. McShane has been named general counsel. Mr. McShane, who most recently served as vice president and assistant general counsel for Global Crossing, is responsible for directing all of Global Crossing's legal staff and managing all related activities, including issues related to the restructuring process, regulatory and reporting policies and contracts and agreements. He reports to John Legere, chief executive officer of Global Crossing. "During this critical time, it is essential to have a general counsel who is intimately familiar with Global Crossing and has the skill and experience to guide us through the restructuring and turn-around of our business," said Mr. Legere. "John has been an extremely valuable member of the Global Crossing team. I am confident he will make significant additional contributions in his new role as we move toward becoming the world's most cost efficient and globally competitive data communications service provider." Mr. McShane has 15 years of corporate legal experience with publicly traded companies. Prior to joining Global Crossing in February 1999, Mr. McShane served as senior counsel for the international law firms of Shearman & Sterling, Cadwalader Wickersham & Taft, and Brown & Wood. He began his legal career as an associate at the international law firm of Simpson Thacher & Bartlett in 1987. Global Crossing Ltd.