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December 16, 2005
ROSEVILLE, Calif. -- Leading independent telecommunications holding company SureWest Communications (NASDAQ: SURW) today announced that its Board of Directors has named Steve C. Oldham to serve as the Company’s president and chief executive officer effective January 1, 2006.
Oldham, 55, has served as a member of SureWest’s Board of Directors since January 2004, and has been chair of the Board’s Audit Committee since June 2004. He retired from Sierra Pacific Resources (NYSE: SRP) in 2002 as senior vice president, energy supply after a 26-year career during which he held various positions in its accounting, finance and regulatory departments, including senior vice president, corporate development and strategic planning.
Kirk Doyle, SureWest’s chairman, said that the SureWest Board unanimously endorsed the selection of Oldham, based upon his many years of extensive managerial and regulated enterprise experience, his keen understanding of SureWest’s business, opportunities and prospects, and valued personal skills.
“The search committee reviewed the profiles of numerous outstanding executives, and interviewed many worthy candidates,” said Doyle. “As impressive as the candidates were, our Board realized after careful consideration that Steve Oldham was the perfect choice to be our president and chief executive officer, and we were delighted when he accepted the position.
“Steve’s extensive management and strategic planning experience make him the ideal person to maintain SureWest's leadership role as a cutting-edge provider of telecommunications services, and to build on the company's unique strengths and generate new value for SureWest's shareholders. He is well versed in our mission to be the preferred communications provider in the Sacramento region, and through his board service is keenly aware of the company and community culture.”
“It is a great honor to be selected to lead SureWest,” said Oldham. “We will continue to provide innovative products and rapid technology deployment to maximize customer satisfaction. SureWest wants to be at the forefront in providing superior customer service and leading edge products, making the company the customer’s first and only choice for all communications needs.
“Over the course of a 30-year career, I have had the pleasure of working with thousands of exceptional people. My experience with the management and employees at SureWest convinces me that it should be placed at the top of the list of great companies. We not only want SureWest to be the customer’s first choice, but to be the employer of choice for our nearly 1,000 employees and prospective employees. I am very excited about our future prospects.”
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