Frontier Communications 2005 Annual Report Download - page 17

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15
CITIZENS COMMUNICATIONS COMPANY AND SUBSIDIARIES
Citibank and our subsidiary. We purchased Frontier Subsidiary Telco, Inc., in June 2001 as part of our acquisition of
the Frontier telephone companies. The complaint against Citibank, for which it seeks indemnification, alleges that
the seller improperly used a portion of the proceeds from the Frontier transaction to pay off the Citibank credit
agreement, thereby defrauding certain debt holders of Global Crossing North America Inc. Although the credit
agreement was paid off at the closing of the Frontier transaction, Citibank claims the indemnification obligation
survives. Damages sought against Citibank and its co-defendants could exceed $1.0 billion. In August 2004 we
notified Citibank by letter that we believe its claims for indemnification are invalid and are not supported by applicable
law. We have received no further communications from Citibank since our August 2004 letter.
We are party to other legal proceedings arising in the normal course of our business. The outcome of individual
matters is not predictable. However, we believe that the ultimate resolution of all such matters, after considering
insurance coverage, will not have a material adverse effect on our financial position, results of operations, or our cash
flows.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None in fourth quarter 2005.
EXECUTIVE OFFICERS OF THE REGISTRANT
Our Executive Officers as of February 7, 2006 were:
Name Age Current Position and Officer
Mary Agnes Wilderotter. . . . . . . . 51 Chairman of the Board and Chief Executive Officer
John H. Casey, III . . . . . . . . . . . . . 49 Executive Vice President
Jerry Elliott . . . . . . . . . . . . . . . . . . 46 President and Acting Chief Financial Officer
Hilary E. Glassman . . . . . . . . . . . 43 Senior Vice President, General Counsel and Secretary
Peter B. Hayes . . . . . . . . . . . . . . . . 48 Executive Vice President Sales, Marketing and Business Development
Robert J. Larson . . . . . . . . . . . . . . 46 Senior Vice President and Chief Accounting Officer
Daniel J. McCarthy . . . . . . . . . . . . 41 Executive Vice President and Chief Operating Officer
Cecilia K. McKenney . . . . . . . . . . 43 Senior Vice President, Human Resources
There is no family relationship between directors or executive officers. The term of office of each of the foregoing
officers of Citizens will continue until the next annual meeting of the Board of Directors and until a successor has been
elected and qualified.
MARY AGNES WILDEROTTER has been associated with Citizens since November 2004. She was elected
Chairman of the Board and Chief Executive Officer in December 2005. Previously, she was President and Chief
Executive Officer from November 2004 to December 2005. Prior to joining Citizens, she was Senior Vice President
– Worldwide Public Sector in 2004, Microsoft Corp. and Senior Vice President – Worldwide Business Strategy,
Microsoft Corp., 2002 to 2004. Before that she was President and Chief Executive Officer, Wink Communications,
1997 to 2002.
JOHN H. CASEY, III has been associated with Citizens since November 1999. He is currently Executive Vice
President. Previously, he was Executive Vice President and President and Chief Operating Officer of our ILEC
Sector from July 2002 to December 2004. He was Vice President of Citizens, President and Chief Operating Officer,
ILEC Sector from January 2002 to July 2002, Vice President and Chief Operating Officer, ILEC Sector from
February 2000 to January 2002, and Vice President, ILEC Sector from December 1999 to February 2000.
JERRY ELLIOTT has been associated with Citizens since March 2002. He was elected President in December
2005 and remains Acting Chief Financial Officer until a successor Chief Financial Officer joins the Company.
Previously, he was Executive Vice President and Chief Financial Officer from July 2004 to December 2005. He was
Senior Vice President and Chief Financial Officer from December 2002 to July 2004 and Vice President and Chief
Financial Officer from March 2002 to December 2002. Prior to joining Citizens, he was Managing Director of
Morgan Stanley’s Media and Communications Investment Banking Group.