Broadwing's Huber Steps Down

Dr. David Huber has transitioned out of his role as CEO of Broadwing, but will continue to serve as the Chairman of the Company’s Board of Directors

February 1, 2006

2 Min Read

COLUMBIA, Md. -- Broadwing Corporation (NASDAQ: BWNG), today announced that Dr. David Huber has transitioned out of his role as CEO of the Company, but will continue to serve as the Chairman of the Company’s Board of Directors. The Board of Directors has named three executives to a Senior Management Team that will conduct day-to-day operations of the Company pending completion of a search for a new chief executive.

"Over the past couple of years, we engineered a significant transformation of the Company and are now well positioned to make continued advances toward profitability," said Dr. Huber, the founder of Broadwing Corporation. “The recent consolidation in the industry combined with Broadwing’s emerging market position has provided an excellent opportunity to transition the executive leadership of the Company.”

The Board of Directors is in the process of retaining an executive search firm to seek suitable candidates to fill the position of CEO. The Senior Management Team is comprised of Scott Widham, President of Sales & Marketing, Lynn D. Anderson, Chief Financial Officer, and Kim Larsen, Senior Vice President and General Counsel.

“On behalf of the directors, senior management and all employees of Broadwing Corporation, we wish to thank Dr. Huber for his contributions to the Company,” said Director David Oros. “Dr. Huber is a true industry pioneer whose work culminated in the development and successful deployment of the world’s first commercial, nationwide all-optical telecommunications network.”

In the nearly nine years that he has been CEO since founding the company in 1997, Dr. Huber led the introduction of the world’s first optical networking equipment designed to enable the construction of nationwide, ultra-long haul, all-optical networks. Broadwing owns and operates the world’s first nationwide, ultra-long haul, all-optical network, which has been in continuous commercial operation for over five years. After taking the Company public in 2000 as Corvis Corporation, Dr. Huber led the transformation of Corvis to become an inter-exchange and competitive local exchange carrier serving enterprise and carrier customers with the acquisition of Broadwing Communications’ assets in 2003 and Focal Communications in 2004.

Broadwing, which changed its name from Corvis in 2004 to reflect its new focus, is one of the few companies in the telecommunication service sector that have been able to maintain and grow revenues, while improving its operating fundamentals in the midst of the challenging sector conditions. Since the asset acquisition in 2003, Broadwing has grown revenue significantly, while at the same time improving gross margins by over ten percent through the third quarter of 2005.

“My reduced role in the Company will allow for a smooth management transition, while enabling me to spend more time with my family and on my other ventures,” said Dr. Huber. “I look forward to working with the new CEO to ensure that Broadwing translates the momentum we have created in the last couple years into continued growth of our market presence and profitability.”

Broadwing Communications LLC

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