McCleary leaving Beltsville-based Digex

Maryland Watch

November 27, 1997

Christopher R. McCleary, the man widely credited with transforming Digex Inc. of Beltsville from a small regional Internet service provider into a company with a national reach, is stepping down.

McCleary, 45, said yesterday that he would resign from the company by the end of the year. His posts at Digex -- president and chief executive officer -- are being eliminated by Digex's new parent, Intermedia Communications Inc.

The Tampa, Fla.-based telecommunications company, which bought Digex in July for $150 million, said the president and CEO posts at Digex are being eliminated as part of the merger.

Intermedia said McCleary, who joined Digex only last year, was offered another post in the company but declined, saying he would seek another career move.

McCleary's most recent salary was more than $133,000 and he earned a bonus of $85,000, according to Digex filings with the Securities and Exchange Commission.

Other executive changes are expected at the two companies, Intermedia said. Digex's headquarters will remain in Beltsville.

Pub Date: 11/27/97

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