Consolidated Communications Announces CEO Transition

Core Viewpoint - Consolidated Communications is undergoing a planned CEO transition, with Gaurav Juneja set to take over as CEO in early 2026, while current CEO Bob Udell will become Vice Chairman of the Board [1][3]. Group 1: Leadership Transition - Bob Udell will retire at the end of the year and will work closely with Gaurav Juneja during the transition period [1]. - Gaurav Juneja has been with Consolidated since February 2023, serving as COO since April 2024, and has significantly improved fiber penetration and customer experience [2]. - The Board recognizes Juneja's pivotal role in advancing the company's strategy and culture, particularly in expanding the fiber network and strengthening the Fidium brand [3]. Group 2: Company Performance and Strategy - Under Bob Udell's leadership, Consolidated transformed from a legacy telecom provider to one of the fastest-growing fiber businesses in the U.S., achieving strong year-over-year fiber revenue growth and double-digit EBITDA gains [3]. - The company has a network spanning approximately 67,000 fiber route network miles, positioning it as a top 10 U.S. fiber provider [4]. - Gaurav Juneja expressed commitment to enhancing customer experience and driving innovation to solidify the company's position as a premier broadband provider [4].