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Cincinnati Bell Picks New CEO

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February 1, 2013 | Comments (0)

Cincinnati Bell (NYSE: CBB  ) announced Thursday that it is promoting Ted Torbeck, formerly president and general manager of its Cincinnati Bell Communications subsidiary, to the position of Chief Executive Officer of the entire company. Torbeck, a former CEO of Cerberus Capital's arms manufacturing subsidiary, Freedom Group, will succeed former CEO Jack Cassidy, who has been elected vice chairman of Cincinnati Bell's board. Torbeck joined Cincinnati Bell in 2010.

Cassidy is also chairman of the board of CyrusOne (NASDAQ: CONE  ) , the Cincinnati Bell data center subsidiary that was spun off earlier this month.

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Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Cincinnati Bell. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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