Longtime Lightyear CEO Cedes Title to Colleagues

Kentucky-based CLEC Lightyear Network Solutions said on Friday it has revamped its management structure the key change being J. Sherman Henderson IIIs shift to a new role.

As of May 1, Henderson will become chair emeritus and founder, ceding his CEO position to Stephen M. Lochmueller, who currently serves as president. Randy Ammon, COO, will keep that title and also become president. Lightyear did not specify what may have prompted the moves, although Ammon did tell Channel Partners, “Sherm decided to move into this role, and the other changes were a natural progression within the company.”

Henderson will continue to work for Lightyear as an adviser and board member. In a prepared statement, Lochmueller said he is pleased with the new arrangement, as I believe we have the team in place to achieve the companys goals. The company will continue to focus on its core products and explore new product opportunities.”

Lightyear, which sells through indirect agents, specializes in local, long-distance, MPLS, Ethernet, VoIP, conferencing and wireless services. In late March, the provider reported a $3 million loss for 2010, compared to $3.7 million in losses for all of 2009. With the inclusion of the SouthEast Telephone acquisition, Lightyears losses fell to $2.9 million, since SouthEast posted a small profit.

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