360networks Names CFO

VANCOUVER -- 360networks today announced the appointment of Vanessa Wittman as the company’s chief financial officer. Larry Olsen, formerly chief financial officer and vice-chairman, will continue as the company’s vice-chairman focusing on strategic relationships and partnerships. Starting today, Wittman is responsible for the company’s financial strategy, planning, funding, assets, budgeting and reporting. Previously, she was vice-president of corporate development, overseeing the company’s corporate investments and acquisitions. Working closely with the finance division, Wittman played a key role in the acquisitions of GlobeNet Communications and NetRail, Inc., as well as investments by Alcatel and other strategic investors.

“Vanessa is an ideal successor who will build on Larry’s outstanding track record and financial leadership,” said Greg Maffei, president and chief executive officer. “Vanessa has the skills, experience and established relationships on Wall Street to drive our financial strategy and to ensure 360networks remains one of the most cost-efficient companies in the industry.”

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