Global Crossing's Hindery Resigns

HAMILTON, Bermuda -- Global Crossing Ltd. (Nasdaq: GBLX - news) announced today that its Board of Directors today named Thomas J. Casey Chief Executive Officer. Casey succeeds Leo Hindery, Jr., who has resigned by mutual agreement. Hindery, who is also Chairman and CEO of GlobalCenter, Global Crossing's web-hosting subsidiary, will continue in these roles until completion of the sale of GlobalCenter to Exodus Communications (Nasdaq: EXDS - news), which is expected early next year.

Gary Winnick, Chairman and founder of Global Crossing, said, "We appreciate Leo Hindery's efforts on behalf of GlobalCenter and Global Crossing since last December, and we wish him well. With the pending merger of GlobalCenter, the Board and I believe Tom Casey is the ideal executive to help us take full advantage of Global Crossing's unique market opportunity. He has extraordinary telecommunications experience, excellent judgment and leadership abilities, in-depth knowledge of every facet of our business, and a proven ability to work with me and the superb management team we have built together."

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