Jack Cassidy Elected Vice Chairman of the Board, Ted Torbeck Named CEO at
Cincinnati Bell Inc.
CINCINNATI -- January 31, 2013
Cincinnati Bell Inc. (NYSE: CBB) announced today that Ted Torbeck has been
named Chief Executive Officer of the company and member of the Board of
Directors. He succeeds Jack Cassidy, who has been elected Vice Chairman of the
Jack Cassidy (Photo: Business Wire)
Jack Cassidy (Photo: Business Wire)
Formalized by the Board in a vote this morning and effective immediately, the
move is part of Cincinnati Bell’s established succession plan.
“The Board shares my confidence that Ted will lead the company successfully
through its next chapter,” said Mr. Cassidy. “Over the past two years, under
Ted’s leadership, Cincinnati Bell Communications has provided support for the
growth of the data center business and has successfully invested in and grown
the company’s fiber-based products for both consumer and business. Ted has a
strong vision for the future and a comprehensive plan to achieve growth in the
business and consumer markets. I’m confident that he and his team will move
the company forward.”
Mr. Cassidy will have a new leadership role at Cincinnati Bell as Vice
Chairman of the Board of Directors. “Jack’s extraordinary leadership and
courage were instrumental in Cincinnati Bell’s transformation from a
struggling long-haul fiber carrier to a vibrant telecommunications and data
center company,” said Phil Cox, Cincinnati Bell Chairman of the Board.
“Cincinnati Bell’s highly successful IPO of CyrusOne Inc. marks the final
chapter of Jack’s service as CEO but does not mark the end of his
contributions. Jack will continue to provide leadership and vision in his role
as Vice Chairman of the Board.”
About Ted Torbeck
Ted Torbeck is CEO of Cincinnati Bell Inc. He joined Cincinnati Bell in 2010
as President and General Manager of Cincinnati Bell Communications. In that
role, he was responsible for all Cincinnati-based communications businesses,
which include Cincinnati Bell Telephone and other wireline companies,
Cincinnati Bell Wireless and CBTS.
Prior to joining Cincinnati Bell, Mr. Torbeck was Chief Executive Officer of
the Freedom Group, a subsidiary of Cerberus Capital Management, a private
equity firm. In this role, Mr. Torbeck acquired nine companies and integrated
them into one entity. Mr. Torbeck worked more than 25 years for the General
Electric Co. He served as the Vice President of Operations for GE Industrial
Business, President and CEO of GE's Rail Services business as well as Vice
President of Global Supply Chain for GE Aviation.
A native of Cincinnati, Mr. Torbeck earned his B.S. in Marketing from Miami
University in Oxford, Ohio, and his MBA at Xavier University. He is on the
Board of Directors for United Way of Greater Cincinnati and the USA Regional
Chamber Board. In addition, he serves on the Minority Business Accelerator
Leadership Council for the Cincinnati USA Regional Chamber and is a member of
the Cincinnati Regional Business Committee with a focus on education. He is
also the capital campaign co-chair for St. Aloysius.
About Jack Cassidy
Jack Cassidy is Vice Chairman of the Board of Cincinnati Bell Inc. and
Chairman of the Board of CyrusOne Inc. (NASDAQ: CONE).
He has been employed at Cincinnati Bell for 17 years, including 9 years as
CEO. During his tenure, he led Cincinnati Bell into the wireless, long
distance, fiber and, most recently, the data center business.
Mr. Cassidy serves or has served on the boards of the Cincinnati USA Regional
Chamber, Cincinnati Business Committee, Cincinnati Museum Center, University
Hospital, 3CDC, the Boomer Esiason Foundation and is the past chair of the
Cincinnati Chamber of Commerce's Regional Technology Initiative and Chair of
the Chamber's Minority Business Accelerator Program.
In addition to being honored as the Personal Communications Industry
Association's (PCIA) Distinguished Corporate Citizen, Mr. Cassidy has received
the Overstreet Award for Education, the Cincinnati School Board's "Making a
Difference" award, and the Cincinnatus Association John E. Pepper Award. Most
recently, he was recipient of the Cincinnati Human Relations Commission
"Connecting Cultures & Communities" award. Cincinnati Bell and Jack Cassidy
were honored as JDRF Cincinnatians of the Year. He and Anthony Smith, former
Principal of Robert A. Taft Information Technology High School, were 2012
national award recipients of the Jacqueline Kennedy Onassis "Jefferson Awards
for Public Service." Their relationship is also featured in Tom Brokaw's book
The Times of Our Lives.
Mr. Cassidy attended Cleveland State University’s Management and Labor
Relations program. He was awarded an Honorary Ph.D. from Cleveland State
University in 2006.
About Cincinnati Bell Inc.
With headquarters in Cincinnati, Ohio, Cincinnati Bell (NYSE: CBB) provides
integrated communications solutions - including local and long distance voice,
data, high-speed internet, entertainment and wireless services - that keep
residential and business customers in Greater Cincinnati and Dayton connected
with each other and with the world. In addition, enterprise customers across
the United States rely on Cincinnati Bell for efficient, scalable office
communications systems and end-to-end IT solutions. Cincinnati Bell also is
the majority owner of CyrusOne Inc. (NASDAQ: CONE), which provides
best-in-class data center colocation services to enterprise customers through
its facilities with fully redundant power and cooling solutions that are
currently located in the Midwest, Texas, Arizona, London and Singapore. For
more information, please visit www.cincinnatibell.com.
Photos/Multimedia Gallery Available:
Josh Duckworth, +1 513-397-2292
gyro (for Cincinnati Bell)
Lisa McLaughlin, +1 513-346-3487
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