Shentel CFO announces resignation

Shenandoah Telecommunications (Shentel) announced Monday that Vice President and Chief Financial Officer Adele Skolits will resign on Nov. 7. Skolits informed Shentel she’s making the move to be closer to family members and her expected grandchild in Toledo, Ohio.

The search for the new CFO starts immediately, said President and Chief Executive Officer Christopher French. In the meantime, Chief Operating Officer Earle A. MacKenzie will delay his announced retirement to assume the responsibilities of CFO in addition to his current duties. MacKenzie previously served as the Shentel CFO from 2003-2007.

French doesn’t anticipate any major hiccups in regular business operations in the wake of Skolits’ resignation.

“(I) don’t see a setback at all. We’ve got a very strong team in the accounting and finance group,” French said. “Would’ve been tough if it had happened in the middle of the nTelos acquisition when we were arranging the finance and dealing with the banks and the evaluation and all that, but that’s all behind us and we’re in pretty good shape.”

The acquisition of nTelos, a wireless communications service provider, was formally announced in a May 9, 2016 Shentel press release.

French stated that the company has already received several inquiries for the position of CFO, but has not yet started accepting formal applications. French also said that the search process for MacKenzie’s replacement as COO, which has progressed to the interview and evaluation stage, has not been interrupted by Skolits’ resignation.

Skolits first joined Shentel in 2007 as CFO. According to her public LinkedIn profile, she previously served as CFO for five other companies and has now accepted the role of CFO at Buckeye Broadband in Toledo.