McCourt to Give Up RCN CEO Post
By Mike Farrell published
RCN Corp. chairman and CEO David McCourt said he would relinquish the CEO role at the bankrupt overbuilder and would lead a search to find a replacement.
McCourt will remain as chairman of the company he founded in 1997. RCN filed a prepackaged Chapter 11 bankruptcy petition in May.
“I remain committed to the competitive vision RCN established when I founded the company,” McCourt said in a prepared statement. “Now, as we enter the next stage of our evolution, I want to bring in new leadership to work with the new equity holders to continue our journey toward what I believe is a very promising future for the company.”
According to a press release, RCN said McCourt will remain as CEO until a successor is found, and it is hoped that a new CEO is named upon completion of the MSO’s restructuring process.
The smarter way to stay on top of the multichannel video marketplace. Sign up below.
Thank you for signing up to Multichannel News. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.