Frontier Communications Corp.
named John Stratton as its executive chairman, tapping a longtime telecom operator to lead the internet provider as it looks to win back customers’ trust after bankruptcy.
Verizon Communications Inc.
executive’s appointment signals Frontier’s ambitions to keep growing if federal and state regulators approve its reorganization plan. A federal judge last month approved a plan that could move the business out of bankruptcy by early 2021.
Frontier filed for bankruptcy protection in April to implement a prearranged $10 billion debt-cutting proposal backed by bondholders. Those bondholders named Mr. Stratton a board observer in May and picked him for the executive chairman seat. The appointment is expected to become effective once the Norwalk, Conn., company completes its trip through bankruptcy.
Frontier’s reputation among customers has suffered in recent years as its network of digital subscriber lines failed to deliver the data rates