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Shenandoah Telecommunications Company Names Victor C. Barnes to Board of Directors

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Shenandoah Telecommunications Company (SHEN) appointed Victor C. Barnes to its board of directors and Audit Committee on February 22, 2022. Barnes, who brings extensive financial expertise from Anaplan and Coca-Cola, is a Certified Public Accountant with a strong background in accounting and finance. His leadership experience and technology sector knowledge are expected to enhance the company's governance. Barnes holds degrees from Northern Illinois University and Northwestern University's Kellogg School of Management. His addition is seen as a significant step for strengthening Shentel’s financial oversight.

Positive
  • Victor C. Barnes brings extensive finance leadership from Anaplan and Coca-Cola.
  • His qualifications as an audit committee financial expert will strengthen board governance.
  • The appointment may enhance Shentel's strategic direction in technology and finance.
Negative
  • None.

EDINBURG, Va., Feb. 23, 2022 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) announced the appointment of Victor C. Barnes to its board of directors and to its Audit Committee on February 22, 2022.

Mr. Barnes is currently the Chief of Connected Planning for Anaplan, a publicly traded business planning software company. Prior to joining Anaplan in February 2021, Mr. Barnes served The Coca-Cola Company since 1994, where he first served as an auditor and then held numerous executive financial roles, across multiple business units and countries, last serving as the Global Chief Financial Officer of their McDonald’s Division. Mr. Barnes began his professional business career in 1988 with the public accounting firm of Coopers & Lybrand and also served as an auditor at The Walt Disney Company.

Mr. Barnes earned a bachelor's degree in accounting from Northern Illinois University, an Executive Masters of Business Administration from the Kellogg School of Management at Northwestern University, and is a Certified Public Accountant.

"We are delighted to have Victor join our board of directors," said Christopher E. French, Chairman and CEO of Shentel. "We are very fortunate to have the benefit of Victor’s extensive finance leadership and coaching experience and in-depth knowledge of critical accounting, tax and treasury issues, along with a deep appreciation for the technology sector. In addition, his qualification as an audit committee financial expert will enhance the depth and strength of our board. We look forward to his contributions to Shenandoah Telecommunications Company as a director and member of our audit committee."

About Shenandoah Telecommunications
Shenandoah Telecommunications Company (Shentel) provides broadband services through its high speed, state-of-the-art cable, fiber-optic and fixed wireless networks to customers in the Mid-Atlantic United States. The Company's services include: broadband internet, video, and voice; fiber-optic Ethernet, wavelength and leasing; and tower colocation leasing. The Company owns an extensive regional network with over 7,000 route miles of fiber and over 220 macro cellular towers. For more information, please visit www.shentel.com.

CONTACT:

Shenandoah Telecommunications Company
Heather K. Banks
Vice President and Chief Human Resources Officer
540-984-5203


FAQ

What is the significance of Victor C. Barnes joining Shenandoah Telecommunications' board?

Victor C. Barnes' appointment is significant due to his extensive financial background, which is expected to strengthen the governance of Shenandoah Telecommunications.

When was Victor C. Barnes appointed to the board of Shenandoah Telecommunications?

Victor C. Barnes was appointed to the board on February 22, 2022.

What positions did Victor C. Barnes hold before joining Shenandoah Telecommunications?

Prior to joining Shenandoah Telecommunications, Barnes was the Chief of Connected Planning at Anaplan and served in various financial roles at The Coca-Cola Company.

How will Victor C. Barnes' experience impact Shenandoah Telecommunications?

His experience is expected to enhance Shentel's financial oversight and strategic direction, particularly in technology and accounting.

Shenandoah Telecom Co

NASDAQ:SHEN

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Telecom Services
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United States of America
EDINBURG