CINCINNATI -- Cincinnati Bell Inc. announced Thursday that Ted Torbeck will succeed Jack Cassidy as CEO of the company. Cassidy will take over the role as vice chairman.
The moves were finalized during a vote by the company's board of directors Thursday morning and take effect immediately.
"The board shares my confidence that Ted will lead the company successfully through its next chapter," Cassidy said via press release about Torbeck, who attended both Miami University in Oxford (B.S.) and Xavier University (MBA).
A Cincinnati native, Torbeck joined Cincinnati Bell in 2010 as president and general manager of Cincinnati Bell Communications. He was responsible for all Cincinnati-based communications businesses, which include Cincinnati Bell Telephone and other wireline companies, Cincinnati Bell Wireless and CBTS.
"Over the past two years, under Ted's leadership, Cincinnati Bell Communications has provided support for the growth of the data center business and has successfully invested in and grown the company's fiber-based products for both consumer and business," Cassidy commented. "Ted has a strong vision for the future and a comprehensive plan to achieve growth in the business and consumer markets. I'm confident that he and his team will move the company forward."
Cassidy will move into his new leadership position at Cincinnati Bell after serving as CEO for the past nine years. During his tenure, he led Cincinnati Bell into the wireless, long distance, fiber and, most recently, the data center business.
"Jack's extraordinary leadership and courage were instrumental in Cincinnati Bell's transformation from a struggling long-haul fiber carrier to a vibrant telecommunications and data center company," said Phil Cox, Cincinnati Bell chairman of the board wrote. "Cincinnati Bell's highly successful IPO of CyrusOne Inc. marks the final chapter of Jack's service as CEO but does not mark the end of his contributions. Jack will continue to provide leadership and vision in his role as vice chairman of the board."