MasTec Appoints Austin Shanfelter President and CEO
August 07, 2001
MIAMI, Aug. 7 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced it has appointed Austin Shanfelter president and chief executive officer. Mr. Shanfelter has been the Company's chief operating officer since March 2000 and had previously served as president of MasTec's Broadband Network Services group since 1997.
MasTec Chairman Jorge Mas said, "For myself and on behalf of the Board of Directors, we are excited to have Austin lead MasTec. Austin is a leader whose contributions in the past have positioned MasTec as one of the pre-eminent service providers in the nation. It is his leadership, entrepreneurial skills, vast experience and vision that will lead MasTec to continued success and growth in the future."
Austin Shanfelter stated, "I am excited about leading MasTec's team into the future. MasTec is an industry leader with proven execution capabilities. I am confident I can continue to build upon MasTec's solid reputation, brand and industry leading position. Although the current industry environment is challenging, MasTec's long-term business strategy and vision is on track."
Mr. Shanfelter has extensive experience in the industry. He founded Shanco Corporation, a cable television infrastructure provider in 1985 which MasTec acquired in 1997. Mr. Shanfelter has been a member of the Board of Directors of the Power and Communications Contractors Association (PCCA), an industry trade group, since 1993. He is also the Chairman of the Cable Television Contractors Council of the PCCA.
Mr. Shanfelter replaces Joel-Tomas Citron who has decided to step down as director, president and chief executive officer in order to spend more time with his family. Mr. Citron will remain in a consulting capacity to support the management transition. Chairman Mas stated, "The Board would like to thank Joel for his many contributions at MasTec. Joel has done an outstanding job leading the company through one of the most profitable and explosive growth periods in our history. We wish him the best in his future leadership roles and business endeavors."
Mr. Citron stated, "I think this is the right time for me to transition responsibilities to Austin. Over the years I have relied on Austin's perspective and leadership and I am confident that MasTec is in good hands."
MasTec is a leading end-to-end communications and energy infrastructure service provider in North America. MasTec <www.mastec.com> designs, builds, installs and maintains internal and external networks supporting the Internet, Internet-related applications, e-commerce and other communications and energy facilities for leading telecommunications, cable television, energy and Fortune 1000 companies.
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SOURCE MasTec, Inc.
Web site: http: //www.mastec.com
CONTACT: Carmen M. Sabater, Executive Vice President & CFO of MasTec, +1-305-406-1866, or csabater@mastec.com