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Home News latest news James A. Hyde resigns as CEO and president of NTELOS

James A. Hyde resigns as CEO and president of NTELOS

Published July 28, 2014 by Veronica Garabelli

James A. Hyde, the CEO and president of NTELOS Holdings Corp., a wireless phone provider based in Waynesboro, has resigned. The company announced Monday that Rodney D. Dir, a director at the company will head NTELOS during the transition period. “During the transition period, we will complete a thorough search for a new CEO,” Michael A. Huber, NTELOS’ chairman of the board said in a statement.

NTELOS also announced its second quarter financial results for 2014, reporting operating revenue of $117.8 million for this quarter down from $119.9 million for the second quarter 2013. The net income attributable to NTELOS for the second quarter 2014 was $484,000 versus $9.4 million for the same quarter last year.  The total adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for the second quarter 2014 was $34.4 million compared to $41.2 million for the same quarter last year. Diluted earnings were 2 cents per share for the second quarter of 2014, down from 43 cents per share for the second quarter 2013.

Dir, age 56, has been a director at NTELOS since 2011. Most recently, he served as president and CEO of Spectrum Bridge Inc., a wireless spectrum management company. From 2007 to 2011, he was chief operating officer of Firethorn Holdings Inc., a provider of mobile banking and mobile commerce services, which was acquired by Qualcomm Inc. in 2007.  Before that, he served as the chief operating officer of Cincinnati Bell Inc., a provider of telecommunication services. 

Huber will oversee the company’s strategic relationships and external communications, the company said in a statement.

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