MCI revamps, ends president's position 3 broad groups replace 5 divisions

September 30, 1993|By New York Times News Service

The MCI Communications Corp., declining to fill its vacant posts of president and chief operating officer, reorganized its major divisions yesterday and gave the current head of its residential long-distance business the principal responsibility over the majority of the company.

Daniel Akerson, 44, MCI's president and chief operating officer, left the company without apparent acrimony last month, to join General Instrument as chief executive. Bert Roberts Jr., 50, who remains as chairman and chief executive, declined to fill the posts in favor of the reorganization.

The reorganization replaces four domestic divisions and one international division. It creates three groups -- one consolidating most U.S. operations, a second focusing on international business, and a third emphasizing emerging technologies. All three groups in MCI, which had $10.6 billion in 1992 revenue, will report to Mr. Roberts.

The markets had little or no response to the move. MCI's stock declined 12.5 cents, to $27.875,, in Nasdaq trading on normal volume of 1.2 million shares.

Gerald Taylor, 51, was named executive vice president and group executive of MCI Communications Services, which will oversee the core long-distance business in the United States, as well as network services.

Eugene Eidenberg, 53, was named executive vice president and group executive of the MCI International Group, which will pursue international opportunities and sell to multinational companies.

Richard Liebhaber, 58, remains chief strategy and technology officer responsible for corporate strategy, new technology, data services and the development of "personal communications services."

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.