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The Altice USA Board of Directors Announces the Appointment of Alexandre Fonseca as a Director and Chairman of the Board
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Altice USA (NYSE: ATUS) has appointed Alexandre Fonseca as the new Chairman of the Board, succeeding Dexter Goei who remains a board director. Fonseca, currently Co-CEO of Altice Group in Europe, has a strong background with experience leading Altice Portugal towards growth and previously served as Chief Technology Officer. He expressed commitment to enhancing value for employees, customers, and shareholders, emphasizing the company's current strengths under CEO Dennis Mathew’s leadership. Altice USA operates as a major broadband and video service provider in the U.S., serving nearly 5 million customers across 21 states.
Positive
Appointment of Alexandre Fonseca as Chairman may bring fresh perspectives to the board.
Fonseca's prior leadership in Altice Portugal suggests potential for positive transformation.
Negative
Transition in leadership could raise concerns about continuity in strategic initiatives.
NEW YORK--(BUSINESS WIRE)--
Altice USA (NYSE: ATUS) announces today that its Board of Directors has named a new member, Alexandre Fonseca, who will serve as Chairman of the Board. Mr. Fonseca currently serves as Co-Chief Executive Officer of Altice Group in Europe. He succeeds Dexter Goei who steps down as Executive Chairman. Mr. Goei remains a director of the board.
“I’m honored to take on this role at such an important time at Altice USA,” said Mr. Fonseca. “The company today finds itself in a position of strength thanks to the stewardship of CEO Dennis Mathew and his leadership team, and I look forward to working with him and my fellow directors to capitalize on this momentum and further accelerate the value we provide to our employees, customers and shareholders.”
Prior to his appointment to Altice Group Co-CEO in 2022, Mr. Fonseca served as CEO of Altice Portugal for nearly 5 years during which he led a business transformation returning the company to growth. Earlier in his career with Altice, he was Chief Technology Officer of Altice Portugal and led the Altice Labs Research and Development Center for the Altice Group worldwide. He joined Altice from Cabovisão where he served as Chief Technology Officer.
About Altice USA
Altice USA (NYSE: ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content and advertising services to nearly 5.0 million residential and business customers across 21 states through its Optimum brand. The Company operates a4, an advanced advertising and data business, which provides audience-based, multiscreen advertising solutions to local, regional and national businesses and advertising clients. Altice USA also offers hyper-local, national, international and business news through its News 12, Cheddar News and i24NEWS networks.
