Astound, a provider of Wi-Fi, mobile, TV and fiber-optic solutions, has initiated a leadership succession strategy. The company has hired a new, as-yet unnamed CEO who will step into the role during the first quarter next year. The new executive was selected after a search focused on finding a candidate with “deep residential and enterprise broadband experience across large-scale, diverse metropolitan markets across the country, the company said.
As part of the transition, John Feehan, Astound EVP and CFO, has been appointed interim CEO. Feehan will serve in this capacity until the new CEO comes onboard next year. Feehan succeeds Jim Holanda, who will remain at Astound as a member of the board of directors to assist with the transition through next year, officials said.
The new, permanent CEO will be expected to grow Astound’s high-capacity, fiber-powered network and further enhance CX by investing in operations and new products, particularly after the company successfully completed comprehensive refinancing and secured more than $400 million of new equity and debt capital, announced in July, the company said.
“It has been a privilege to lead Astound and work alongside such a dedicated and capable team,” said Holanda. “Thanks to the team’s dedication and our investors’ support, Astound has meaningfully grown and strengthened its offerings. I am proud of what we have achieved and am confident that with the combination of John’s expertise and leadership, and the addition of the new CEO, the future is bright for Astound.”
