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FairPoint appoints Karen Turner as EVP and CFO

FairPointFairPoint Communications, Inc., a communications provider, announced that Ajay Sabherwal, executive vice president and chief financial officer, has tendered his resignation.

Mr. Sabherwal’s resignation will be effective following a structured transition and the filing of the Company’s Form 10-Q for the quarter ended June 30, 2016 with the Securities and Exchange Commission, which the Company currently expects to file during the first week of August 2016.

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Karen D. Turner has accepted a promotion to replace Mr. Sabherwal as CFO after previously serving as Executive Vice President, Operational Support.

Ms. Turner has more than 20 years of experience in finance, accounting, operational support and administration. She came to FairPoint in 2014 from INC Research, LLC, where she served as vice president of global business finance and before that, controller.

She began her career with Ernst & Young, followed by various leadership positions in the telecommunications industry, including tenures at Madison River Communications, LLC and Sprint.

Ms. Turner holds a bachelor’s degree from North Carolina State University and is a Certified Public Accountant.

Ms. Turner will also retain her current responsibility leading Human Resources and Risk Management while transitioning remaining responsibilities to other members of the Executive Leadership Team.


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