TDS sets CFO transition

Peter Sereda, currently EVP and CFO, will retire in May 2022 and be replaced Vicki Villacrez, the current SVP of finance and CFO of TDS Telecom unit.

December 13, 2021

2 Min Read

CHICAGO – Telephone and Data Systems, Inc. (NYSE: TDS) today announced a series of planned finance leadership transitions expected to take place through May 2022. Peter L. Sereda, currently Executive Vice President and Chief Financial Officer of TDS plans to retire in May 2022 and will be replaced by Vicki L. Villacrez, currently Senior Vice President – Finance and Chief Financial Officer of TDS Telecom, a wholly-owned subsidiary of TDS. Replacing Ms. Villacrez as Chief Financial Officer of TDS Telecom will be Michelle M. Brukwicki, currently Vice President – Financial Analysis and Strategic Planning at TDS.

Villacrez was named Vice President – Finance and CFO at TDS Telecom in May of 2012 and was promoted to Senior Vice President in 2017. She has been with the company for three decades, having first joined parent company TDS, Inc. in 1989, serving as an internal auditor. Before moving into her current role, she held multiple leadership positions with growing responsibility across finance.

Villacrez works with numerous stakeholders, including the TDS Board of Directors, Audit Committee, investors, buy and sell analysts, news/industry reporters, and rating agencies.

Villacrez earned a Bachelor of Science in Accounting from Upper Iowa University and a Master of Business Administration from Edgewood College in Madison, Wisconsin. She is also a certified public accountant.

Michelle Brukwicki became Vice President – Financial Analysis and Strategic Planning at TDS in 2017. She leads the enterprise-wide strategic planning, budgeting, and forecasting process for TDS and its business units.

Brukwicki joined TDS in 2007. Prior to her current position, she most recently served as Director of Accounting for TDS Telecom. She previously held increasingly responsible management roles within the organization in accounting and financial reporting, cash accounting, and accounting policy.

A CPA, Brukwicki received a Bachelor of Business Administration and a Master of Business Administration from the University of Wisconsin – Madison.

Read the full announcement here.


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