BNET Industries

Market Cap:$393.7M
Last Fiscal Year Sales:$1.5B
  • Public
Chief Executive OfficerArunas A. Chesonis
Contact Information
NAICS Code Wired Telecommunications Carriers: 517110

Recent Events

  • Speakerbus Group to acquire trader voice service business of PAETEC

    6/24/09 - Merger / Acquisition - View Story

  • Recommend

    6/10/09 - Mgmt. Change Entering - Sales - View Story

  • Chesonis is ‘optimistic’ Paetec moving

    6/09/09 - Financial Announcement - View Story

  • PAETEC settles patent infringement lawsuit

    5/19/09 - Legal Settlement - View Story

  • MetroPCS adds two East Coast markets

    5/22/09 - Legal Settlement - View Story

  • PAETEC, GENBAND to Launch Trunking in San Fran

    5/13/09 - Product Announcement - View Story

  • Paetec reports $3.3 million loss in Q1

    5/06/09 - Financial Announcement - View Story

  • PAETEC Holding Corp. Announces First Quarter 2009 Results

    5/06/09 - Merger / Acquisition - View Story

  • PAETEC to Release First-Quarter 2009 Results

    4/17/09 - Financial Announcement - View Story

  • Raymond James Downgrades PAETEC Holding PAET to Market Perform

    4/13/09 - Bond / Stock Rating - View Story

  • Paetec reports $114M loss; Chesonis ‘excited about future’

    2/27/09 - Financial Announcement - View Story

  • PAETEC Holding Corp. Announces Fourth Quarter and Full Year 2008 Results

    2/26/09 - Merger / Acquisition - View Story

News & Analysis

paetec holding corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Arunas A. Chesonis Chief Executive Officer
Algimantas Chesonis Chief Accounting Officer
Edward J. Butler Jr. Chief Operating Officer
Keith M. Wilson Chief Financial Officer
Robert Moore Chief Information Officer
Charles E. Sieving Executive Vice President
H Russell Frisby Director
Mark Zupan Director
Michael C. MacDonald Director
Tansukh V Ganatra Director

Board of Directors

Name (plus bio) Position
Richard T. Aab Vice Chairman of The Board of Directors
William R. McDermott Board of Directors

Array

Organization Position Status
Paetec Holding Corp. Chief Executive Officer Current
Restructuring and Reorganization Advisory, Private Chairman of The Board and Chief Executive Officer Current
Paetec Holding Corp. President Current
PAETEC Corp. Chairman of the Board Current
Chesonis Family Foundation Board of Directors Current
Seniorsfirst Communities & Services Chairman and CEO, Paetec Communications Former
American Campus Communities, Inc. President Former
Acc Telecom President Former
University of Rochester Doctorate of Laws Former
Massachusetts Institute of Technology B.S. in Civil Engineering Former
Massachusetts, Inc. B.S. Degree In Civil Engineering Former

Algimantas K. Chesonis has served as Senior Vice President, Chief Accounting Officer and Controller of PAETEC Holding since March 2007. Mr. Chesonis has served as Senior Vice President and Controller of PAETEC Corp. and PaeTec Communications, Inc. since August 2004 and as Vice President of Finance and Controller of PaeTec Communications from July 1998 to August 2004. In his capacity as Senior Vice President and Controller, Mr. Chesonis has been responsible for all aspects of accounting and financial reporting. Mr. Chesonis previously served as Director of Public Reporting for US Foodservice, Inc. and Audit Manager for PriceWaterhouse, LLP.

Organization Position Status
Paetec Holding Corp. Chief Accounting Officer Current
Paetec Holding Corp. Senior Vice President Current
Paetec Holding Corp. Controller Current
Restructuring and Reorganization Advisory, Private Current
PAETEC Corp. Chief Accounting Officer, Controller & Senior Vice President Former
U.S. Foodservice, Inc. Director of Public Reporting Former
University of Delaware Bachelors Degree In Accounting Former

Edward J. Butler, Jr. serves PAETEC as Chief Operating Officer. In this capacity, Mr. Butler oversees PAETEC's Sales and Marketing, Operations, Network Engineering, and Service Delivery divisions, and as such, is responsible for the performance, growth, and optimization strategy of the company's service delivery infrastructure. Mr. Butler joined PAETEC Communications as a member of the founding officer team in 1998, and possesses more than 25 years of experience in the telecommunications industry. Prior to joining PAETEC, Mr. Butler served ACC Communications for more than a decade in a number of executive and managerial positions. Mr. Butler serves on the Comptel Alliance CEO Council. Mr. Butler serves on the Board of Directors for Hospice Buffalo, is past Board Chairman for Compeer West, a not-for-profit United Way mentoring agency in Western New York, and founded and serves as Director of the Edward Butler Family Foundation.

Organization Position Status
Paetec Holding Corp. Chief Operating Officer Current
Restructuring and Reorganization Advisory, Private Chief Operating Officer Current
Paetec Holding Corp. Executive Vice President Current
PAETEC Corp. Coo Former
PAETEC Corp. Executive Vice President Former
Organization Position Status
Restructuring and Reorganization Advisory, Private Chief Financial Officer and Treasurer Current
Paetec Holding Corp. Chief Financial Officer Current
US LEC Corp. Chief Financial Officer Current
Rochester Philharmonic Orchestra Inc. Vice Chairman Current
PAETEC Corp. Executive Vice President and Cfo Former
Paetec Holding Corp. Executive Vice President Current
Union Bank of California Vice President Former
First Dominion Capital Corp Head of Syndicated Finance Former
Union Bank of California Head of the Telecommunications Finance Group Former
Bank of Boston Former
Fleet Bank Former
NationsBank Former
Rochester Philharmonic Orchestra Inc. Board of Directors Current
University of Michigan Master's Degree Former
Dickinson College B.A. Degree In Political Science Former

Robert D. Moore, Jr. has served as the Senior Vice President and Chief Information Officer of PAETEC Holding since February 2007. Mr. Moore has served in those positions with PaeTec Communications, Inc. since December 2005. Before assuming his current position with PAETEC Holding, Mr. Moore served as Senior Vice President-Information Technology from August 2004 and, beginning in 1998, in various other roles with PaeTec Communications. In his capacity as Senior Vice President and Chief Information Officer, Mr. Moore has been responsible for overseeing operating support systems, systems operations and engineering, and applications development and deployment. Mr. Moore possesses more than 14 years of experience in the telecommunications industry and was employed by ACC Communications before joining PaeTec Communications.

Organization Position Status
Paetec Holding Corp. Chief Information Officer Current
Paetec Holding Corp. Senior Vice President Current
PAETEC Corp. Senior Vice President and CIO Current
Acc Communications Inc Former
Cornell University MBA Former
Rochester Institute of Technology Bachelor of Science In Computer Science Former

Charles E. Sieving , age 34, has served as Executive Vice President, General Counsel and Secretary of PAETEC Holding since February 2007. Mr. Sieving was associated with Hogan & Hartson L.L.P., an international law firm, from October 1998 to February 2007 and served as a partner of that firm from January 2005 to February 2007.

Organization Position Status
Paetec Holding Corp. Executive Vice President Current
PAETEC Corp. Executive Vice President, General Counsel and Secretary Current
Paetec Holding Corp. General Counsel Former
Hogan & Hartson LLP Former

H. Russell Frisby, Jr. has served as a director of PAETEC Holding since February 2007 and as a director of PAETEC Corp. since January 2007. Mr. Frisby has been the partner-in-charge of the Telecom Group of Fleischman and Walsh, L.L.P., a law firm, since March 2006, when he joined the firm. Mr. Frisby s legal practice focuses on regulatory and corporate matters affecting entities in the communications, energy and technology areas, and for over 20 years he has represented clients in a wide variety of proceedings before the FCC, state utility commissions and federal courts. Before joining Fleischman and Walsh, Mr. Frisby was a partner with Kirkpatrick & Lockhart Nicholson Graham LLP, a law firm, beginning in April 2005. From February 1998 to March 2005, Mr. Frisby was the President, Chief Executive Officer and Acting Chief Legal Officer of the Competitive Telecommunications Association (CompTel) and, before his service in that position, served as Chairman of the Maryland Public Service Commission. Mr. Frisby holds a B.A. degree from Swarthmore College and a J.D. degree from Yale Law School.

Organization Position Status
Paetec Holding Corp. Director Current
PAETEC Corp. Board of Directors Current
Yale Law School J.D. Degree Former
Swarthmore College B.A. Degree Former
Organization Position Status
Restructuring and Reorganization Advisory, Private Director Current
PAETEC Corp. Director Current
Paetec Holding Corp. Director Current
PAETEC Corp. Chair Former
Massachusetts, Inc. PH.D. In Economics Former
Harvard University B.A. Degree In Economics Former
Eco-Nomics, Inc. Fellow Former

Michael C. Mac Donald is senior vice president, operational effectiveness for Xerox Corporation. He was named to this position in September 2008 and leads the integration of Xerox Mortgage Services and Xerox Litigation Services with other units of the company. Mac Donald is a senior vice president of the corporation, appointed in July 2000. He was previously president of Xerox Marketing Operations, responsible for corporate marketing, xerox.com, advertising, brand, public relations, and corporate communications. Mac Donald joined Xerox in 1977 as a field sales representative and has held several senior positions in sales, marketing and general management. He was president, Marketing & Global Accounts from 2004 - 2007. Prior to that, he was president, North American Solutions Group, responsible for all products, services and solutions sold by the Xerox direct sales force in the United States and Canada. He has also served as that group's senior vice president of marketing and chief of staff. After receiving a bachelor's degree in political science from Rutgers University in 1975, Mac Donald attended Iona College's John C. Hagen Graduate School of Business. He completed executive business and management programs at Columbia University and Harvard in 1992 and 1998, respectively. Mac Donald is a board director of Medifast, PAETEC, and the Jimmy V Foundation.

Organization Position Status
Xerox Corporation Corporate Senior Vice President & President, Marketing Operations Current
Paetec Holding Corp. Director Current
Restructuring and Reorganization Advisory, Private Director Current
Medifast, Inc. Board of Directors Current
Rochester Institute of Technology Board of Directors Current
PAETEC Corp. Board of Directors Current
Xerox Corporation President, Global Accounts Former
Rutgers University bachelor of arts degree in political science Former

Mr. Aab co-founded US LEC in June 1996 and has served as Chairman of the Board until joining PAETEC's Board in February 2007 as Vice Chairman. He also served as Chief Executive Officer from June 1996 until July 1999. Between 1982 and 1997, Mr. Aab held various positions with ACC Corp., an international telecommunications company in Rochester, NY, including Chairman and Chief Executive Officer, and served as a director. Mr. Aab is a member of the Board of Trustees of the University of Rochester, the University of Rochester Medical Center, Rochester Institute of Technology and various private corporate institutions.

Organization Position Status
US LEC Corp. Co-Founder Current
Restructuring and Reorganization Advisory, Private Vice Chairman and Director Current
PAETEC Corp. Vice Chairman and Director Current
US LEC Corp. Chairman Current
Paetec Holding Corp. Vice Chairman of The Board of Directors Current
Rochester Institute of Technology Board of Directors Current
University of Rochester Member Current
Rochester Institute of Technology Member Current
US LEC Corp. Chief Executive Officer Former
American Campus Communities, Inc. CEO Former
PAETEC Corp. Chairman of the Board Former
American Campus Communities, Inc. Chairman Former
American Campus Communities, Inc. Director Former
US LEC Corp. Board of Directors Former
Clarkson University B.S. Degree In Economics Former

Mr. Ganatra co-founded US LEC in June 1996 and has served as a director until joining PAETEC's Board in February, 2007. He served as Chief Executive Officer and Vice Chairman of the Board of Directors from July 1999 until his retirement in December 2001. He also served as President and Chief Operating Officer from June 1996 until July 1999. From 1987 to 1997, Mr. Ganatra held various positions with ACC Corp., including serving as its President and Chief Operating Officer. Prior to joining ACC Corp., Mr. Ganatra held various positions during a 19-year career with Rochester Telephone Corp., culminating with the position of Director of Network Engineering.

Organization Position Status
Paetec Holding Corp. Director Current
PAETEC Corp. Director Current
Organization Position Status
N2GROWTH CEO Current
SAP Americas President & CEO Current
SAP AG President & CEO, SAP Americas, Asia Pacific and Japan Current
Devine Capital Partners, LLC Executive Vice President, Worldwide Sales Current
Ansoft Corporation Current
Fluent for Catia V5 Current
Cad Reviews Current
Cadwire Current
Restructuring and Reorganization Advisory, Private Director Current
Paetec Holding Corp. Board of Directors Current
Partnership LLC Board Director Current
ANSYS, Inc. Board of Directors Current
PAETEC Corp. Director Current
Under Armour, Inc. Board of Directors Current
Xerox Corporation Corporate Officer & Division President Former
Gartner, Inc. President Former
Siebel Systems, Inc. Executive Vice President, Worldwide Sales Operations Former
PAETEC Corp. Chair Former
Northwestern University Master's In Business Administration Former
Kellogg School of Management at Northwestern University MBA Former
Dowling College BS Former
Wharton Graduate School of the University of Pennsylvania Executive Development Program Former

Executive News

  • Chesonis is ‘optimistic’ Paetec moving

    Rochester Business Journal - 6/09/09 - View Story

  • PAETEC Holding Corp. Announces an Amendment to its Credit Agreement

    Business Wire - 6/02/09 - View Story

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PAET $2.80 +0.28 (11.11% )
Volume 533,710
Shares Outstanding 140.6M
Market Cap 393.7M
Year High 7.27
Year Low 0.76
Earnings Per Share -3.36
P/E Ratio N/A
Dividend 0.00
Yield 0.00
Glass Door

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