After just three months as the head of GlobalCenter Inc.,
the Web-hosting unit of Global Crossing Ltd., Leo J. Hindery Jr. has maneuvered his way to
the top spot at the long-distance carrier, replacing Robert Annunziata as Global
Hindery joined GlobalCenter in December, shortly after
exiting as president of AT&T Broadband & Internet Services. Hindery -- who had
been president of Tele-Communications Inc. prior to its acquisition by AT&T Corp. --
left after several clashes with AT&T chairman C. Michael Armstrong.
Since leaving AT&T, Hindery has lured several other
AT&T executives to GlobalCenter.
Annunziata is a former AT&T executive, as well, running
AT&T's business-services unit before joining Global Crossing last February.
Before that, Annunziata had run Teleport Communications Group, the MSO-controlled
competitive local-exchange carrier AT&T bought in 1998.
Hindery, a close friend of Global Crossing chairman Gary
Winnick, will remain CEO of GlobalCenter. Plans to issue a tracking stock for the Internet
unit are still on, according to Global Crossing.
"Leo knows how to run large companies, he has current
Internet experience and he has a proven record of creating shareholder value. At TCI, he
reshaped the company and the cable industry, creating $50 billion in value for its
shareholders," Winnick said in a prepared statement.
Global Crossing, based in Hamilton, Bermuda, has been an
aggressive competitor to AT&T, buying long-distance provider Frontier Corp. and making
a failed run at regional Bell operating company U S West last year.