Jackson, MS and South Sioux City, NE . March 11, 1998
. WorldCom and MCI today named their selections to serve on the
board of directors of the WorldCom company once the merger is
completed. The merger is still subject to U.S. and European
regulatory approvals. The companies expect to close the merger in
mid-year 1998.
The 17-member board will consist of 11 outside
members, including eight named by WorldCom and three named by MCI, as
well as six officers of the companies. The directors will be elected
annually by shareholders.
The following individuals have agreed to serve on
the MCI WorldCom board of directors:
WorldCom Selections:
-
James C. Allen
, former CEO of Brooks Fiber Properties, St. Louis
-
Carl J. Aycock
, director, Master Corporation, Brookhaven, MS
-
Max E. Bobbitt
, president and chief executive officer, Metromedia Asia
Corporation, New York -
Stephen M. Case
, chairman and CEO, America Online, Inc., Dulles, VA.
-
Francesco Galesi
, chairman, Galesi Group, New York
-
Stiles A. Kellett, Jr.
, chairman, Kellett Investment Corp., Atlanta
-
John Porter
, chairman and CEO, Integra Funding and Industrial Electric
Manufacturing, Inc., and chairman of Phillips & Brooks/Gladwin,
Inc., Fisher Island, FL -
Lawrence C. Tucker
, partner, Brown Brothers Harriman & Co, New York
MCI Selections:
-
Clifford L. Alexander, Jr.
, president, Alexander & Associates, Inc., Washington,
D.C. -
Judith Areen
, executive vice president, Law Center Affairs, Dean of Law Center,
Georgetown University, Washington, D.C. -
Gordon Macklin
, chairman, White River Corporation, Washington, D.C.
WorldCom Directors and Officers:
-
Bert C. Roberts
, chairman, MCI; will be chairman of MCI WorldCom
-
Bernard J. Ebbers
, president and CEO, WorldCom; will serve as president and CEO of
MCI WorldCom -
Gerald H. Taylor
, CEO of MCI; becomes president and CEO of MCI WorldCom
International -
John Sidgmore
, chief operations officer of WorldCom; will be president and CEO
of MCI WorldCom Internet/Technology and Solutions -
Tim Price
, president and chief operating officer of MCI; becomes president
and CEO of MCI WorldCom's U.S. communications subsidiary -
Scott D. Sullivan
, CFO and Secretary of WorldCom; named as CFO of MCI WorldCom
MCI (NASDAQ: MCIC) is a leading provider of
communication services to business, government and residential users.
The company's portfolio of advanced data and IT services now
accounts for nearly a quarter of MCI's $19.7 billion in annual
revenue. MCI operates one of the world's largest and most
advanced digital networks, connecting local markets in the U.S. to
more than 280 countries and locations worldwide.
WorldCom (NASDAQ: WCOM) is a global
telecommunications company, with 1997 annual revenues of $7.35
billion. Operating in more than 50 countries, the company is a
premier provider of facilities-based and fully integrated local, long
distance, and international voice and data services.
