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Alteva Implements Management Changes and Announces Organizational Restructuring

March 31, 2014
Alteva Implements Management Changes and Announces Organizational Restructuring

Realignment Expected to Streamline Operating Efficiencies and Drive Profitable Growth With Emphasis on Customer Service Excellence
AltevaPHILADELPHIA, PA–(Marketwired – Mar 31, 2014) – Alteva (NYSE MKT: ALTV), a premier provider of hosted Unified Communications as a Service (UCaaS), announces the implementation of senior management changes and the organizational restructuring of its business to streamline operating efficiencies, optimally position the Company for profitable growth and drive enhanced customer service excellence.
As part of these changes and organizational realignment, the Company terminated the employment of David Cuthbert (President and CEO) and Jay Conn (Chief Operating Officer), effective immediately. In addition, the Board of Directors has instituted a continuity of leadership through the establishment of an Office of the CEO which will consist of Brian Callahan (currently EVP, CFO and Treasurer), Bill Birnie (currently EVP and Chief Marketing Officer) and Mark Marquez (currently EVP and Chief Technology Officer). The Office of the CEO will report directly to the Board of Directors as an interim measure. The Board has started the process to replace the duties of Messrs. Cuthbert and Conn. This process is expected to be completed during the second quarter of 2014.
Brian H. Callahan joined Alteva in August 2012 as EVP, CFO and Treasurer. He was previously employed at Expert Global Solutions, Inc., a leading BPO services provider where he served in positions of increasing since responsibilities since 1998 including director of financial reporting and VP, financial reporting, leading up to SVP of finance and treasury. Prior to Expert Global Solutions, he worked for four years with PricewaterhouseCoopers, LLP.
William K. Birnie was appointed EVP and Chief Marketing Officer of Alteva in May 2012. Mr. Birnie is responsible for all marketing, product management and business development activities for Alteva. Prior to joining Alteva, Mr. Birnie held executive positions with Panasonic, Motorola, Comcast and Lucent Technologies.
Mark Marquez is currently Alteva’s EVP and Chief Technology Officer. He has over 15 years of experience in senior project management and enterprise level architecture design in telecommunications and network infrastructure services.
The Board of Directors implemented these changes to ensure Alteva achieves meaningful profitable and sustainable growth to drive long-term shareholder value while continuing to provide best-in-class mission critical UCaaS services to its customers for their business communication needs. Over the coming weeks, the Board will work closely with the Office of the CEO to finalize an organizational strategy and reporting structure.
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