Bill DeMuth, who pushed forward the deployment of SureWest Communications' (NasdaqGM: SURW) nationwide IP-based FTTH network in the mid-2000s, is leaving the company after 34 years, SureWest announced Friday in an official release.
DeMuth, who joined the integrated communications provider in 1976 and is currently Senior Vice President and Chief Technology Officer, will exit on June 30.
SureWest, which hasn't yet seen a solid recovery taking hold since shaky 2009 and reported flat Q1 earnings, announced last week it would cut 60 employees, or 7 percent of its total workforce.
Updated: A spokesman for SureWest told FierceCable that DeMuth's departure is not a part of this belt-tightening process -- "the background behind his departure is that he has been contemplating retirement, and it made sense to combine the two announcements, allowing the company to simultaneously capture the cost savings and move forward with our structuring plan," said Ron Rogers, Director of Corporate Communications for SureWest.
For more:
- see the release
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