BNET Industries
Market Cap:$499.5M
Last Fiscal Year Sales:$1.5B
- Public
- US
Dow Jones Description
Holding Company
Chief Executive Officer
Arunas A. ChesonisNumber of Employees 3,700
Contact Information
1 Paetec Plz 600 Willowbrook Ofc Park
Fairport, New York 14450
(585) 340-2500
Peer Companies
NAICS Code Wired Telecommunications Carriers: 517110
Recent Events
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PAETEC sees an upside, reports revenue decline
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IP Communications Specialist PAETEC Launches Enhanced Web Site
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PAETEC Launches Online Quoting Tool for Agents
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PAETEC to Release Third-Quarter 2009 Results
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PAETEC Releases Full Year 2009 Financial Guidance
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Paetec Holding Issues FY09 Revenue Forecast - Update
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PAETEC to Provide Voice Services to New York State Office For Technology
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PAETEC still wired to recession downsizing
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Paetec reports $16.5 million loss for Q2
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Chesonis is ‘optimistic’ Paetec moving
News & Analysis
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paetec holding corp. - All News and Analysis
PAETEC Holding Corp. Q3 2009 Earnings Conference Call
Question-and-Answer SessionOperator Your first question comes from the line of Jason Fraser with Raymond James. You may proceed. Jason Fraser - Raymond James Just given your nationwide network I wondered if you could talk a little bit about what kind of impact you are seeing from the economy on...
PAETEC Holding Corp. Q2 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Simon Flannery - Morgan Stanley. Simon Flannery - Morgan Stanley Wanted to follow up on the data center comment if I could, give us a little bit more color on what you’re thinking in terms of timing? How much these...
PAETEC Holding Corp. Q2 2009 Earnings Call Transcript
PAETEC Holding Corp. PAET Q2 2009 Earnings Call August 05, 2009; 8.30 am ET
PAETEC Holding Corp. Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Your first question comes from the line of David Dixon of FBR Capital Markets. Please proceed. David Dixon - FBR Capital Markets Thanks very much and congratulations on the quarter, and a great job on the EBITDA momentum Keith. I wanted to just focus now...
PAETEC Holding Corporation Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Your first question comes from the line of Frank Louthan from Raymond James. Please proceed. Frank Louthan – Raymond James Great. Thank you. Have you seen any customers coming to you trying from and changing to your service is part of their cost-cutting measure? Is...
Paetec Holding Corp. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Frank Louthan – Raymond James. Frank Louthan – Raymond James Can you give us an update on some of the voice and volume based business and what are your plans for that business longer term? Are you looking to diversity...
Hedge Fund Tracking: Tremblant Capital
Market Folly submits: Four times a year, hedge funds & asset managers with > $100 million AUM assets under management are required to report to the SEC their holdings from the previous quarter. I check these 13F filings quarterly just to get a sense as to where these funds are...
PAETEC Holding Corp. Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Our first question comes from the line of Frank Louthan from Raymond James, please proceed. Frank Louthan - Raymond James Hey, great. Thank you. You said that one of the issues in the quarter -- you had built some...
Cogent, Level 3, TW Suffer As Oppenheimer Grows Cautious About 'Emerging Telecom'
Eric Savitz (Barron's) submits: Concerned about the impact of the softening economy, Oppenheimer analyst Timothy Horan this morning turned cautious on the “emerging telecom sector.” He cut his ratings on both Level 3 LVLT and Cogent Communications CCOI to Underperform from Perform, while chopping TW Telecom TWTC to Perform...
PAETEC Holding Corp. Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. And the first question comes from the line of Frank Louthan from Raymond James. Please proceed. Frank Louthan - Raymond James Hey guys, good morning. Thank you. Just a couple of things, can you give us an idea of what the PAETEC EBITDA would have...
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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 |
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PAETEC Holding Corp. Closes $350 Million Senior Secured Notes Offering
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