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Telecommunications systems

Telocity Appoints New Chief Financial Officer and Executive Vice President

Strategic Insights

— 1 min read

Telocity, Inc., a broadband services company, has announced the appointment of Edward J. (Ned) Hayes, Jr. as its new Chief Financial Officer and Executive Vice President. Hayes brings 20 years of experience in managing the financial operations and business partner support of major high-tech, high-growth, multinational companies. His most recent position was Financial Vice President and Chief Financial Officer at the Global Service Provider Business Group of Lucent Technologies, Inc., where he was responsible for generating global revenues exceeding $20 billion annually.

Key Takeaways:

  • Hayes has 20 years of experience in managing financial operations and business partner support for major high-tech companies, including Lucent Technologies and Unisys Corporation.
  • As CFO, Hayes will be responsible for leading Telocity's financial operations and business partner support.
  • Hayes brings a unique understanding of the marketplace and a background working with leading companies in the telecommunications industry.
  • Telocity has formed a strategic relationship with NBC Internet, Inc. and its subsidiaries, XOOM.com and Snap.com, to provide joint development and design of co-branded services.
  • The company recently received the "Six Green Award" from DSL Reports, an independent online resource for DSL users and potential subscribers.
  • Hayes received his undergraduate degree in Philosophy from Colgate University and conducted his graduate studies in Accounting and Finance at New York University's Graduate School of Business.

Statistics:

  • Global revenues at the Global Service Provider Business Group of Lucent Technologies exceeded $20 billion annually during Hayes' tenure as CFO.
  • Telocity's residential gateway allows customers to surf the Internet and download up to 50 times faster than dial-up users.
  • The company's strategic relationship with NBC Internet, Inc. and its subsidiaries will provide joint development and design of co-branded services, including content and applications such as entertainment, electronic commerce, search applications, and other features designed for broadband users.

Sources:

  • Business Wire, Telocity Appoints New Chief Financial Officer and Executive Vice President, January 27, 2000.
  • Telocity, Inc., About Us.
  • DSL Reports, Six Green Award.

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