Deals
Frontier Communications Seeking New CEO Ahead of Restructuring
- Creditors are said to want change amid crushing debt load
- Creditors have also tapped adviser to devise new business plan
Photographer: Chris Ratcliffe/Bloomberg
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Frontier Communications Corp. has started the search for new management to take over the company after it completes what could be the biggest telecom restructuring in nearly two decades, according to people with knowledge of the matter.
Advisers for the rural wireline telephone provider have started looking for a possible replacement for Chief Executive Officer Dan McCarthy, who has led Frontier since 2015, the people said. They asked not to be identified discussing a confidential matter.