SpectraSite Names CFO

Former 3Com CFO Mark Slaven joins SpectraSite

November 2, 2004

2 Min Read

CARY, N.C. -- SpectraSite, Inc. (NYSE: SSI), one of the largest wireless tower operators in the United States, announced today that, effective immediately, Mark A. Slaven will serve as the Company's Chief Financial Officer.

During his twenty-five year career, Mr. Slaven has served in numerous executive, financial and operating roles, including serving as 3Com Corporation's Chief Financial Officer from June, 2002, until August, 2004. Prior to serving as 3Com Corporation's Chief Financial Officer, Mr. Slaven served as its Vice President of Treasury, Tax, Trade and Investor Relations and, prior to that, its Vice President and Treasurer. Prior to U.S. Robotics' acquisition by 3Com Corporation in 1997, Mr. Slaven served as Vice President, Finance for its manufacturing division. Before joining U.S. Robotics, Mr. Slaven was Chief Financial Officer of the personal printer division at Lexmark International, Inc. Prior to that, Mr. Slaven served as Chief Financial Officer for various other divisions of Lexmark.

Commenting on Mr. Slaven's appointment, Stephen H. Clark, President and CEO of SpectraSite stated, "I am delighted to announce that Mark has joined the SpectraSite team. I believe his depth of experience in strategy and operations, coupled with his financial acumen, make him an excellent choice to serve as SpectraSite's Chief Financial Officer."

Clark continued, "I also would like to express my sincere appreciation to Gabriela Gonzalez and Steven Lilly, who, for the last three months, have served as SpectraSite's interim Co-Chief Financial Officers. Their ability to step forward during this period enabled the Company to continue executing its financial strategy as is evidenced by the proposed $900 million senior credit facility that was recently announced as well as our recent upgrades from both Moody's and Standard & Poors. Adding Mark to what is already a very talented financial team will further strengthen SpectraSite from a senior management perspective as we continue to focus on maximizing the performance of our tower assets, optimizing our capital structure, and creating shareholder value."


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