Frontier Communications Parent Inc. has hired a new executive to take charge of its finances just weeks after the telecommunications company emerged from bankruptcy, the Wall Street Journal reported. Norwalk, Conn.-based Frontier, which operates in 25 states, said yesterday that Scott Beasley would become its new chief financial officer, effective June 14. Last month, Beasley said that he planned to resign as CFO of Arcosa Inc. He had served in that post at the Dallas-based provider of infrastructure products and services since November 2018. Before joining Arcosa, Beasley worked at rail transportation company Trinity Industries Inc., including about two years as its CFO. Beasley is taking over Frontier’s finance function after the company in April completed its bankruptcy restructuring, which began in April 2020. Under chapter 11 protection, Frontier cut its debt by about $11 billion and reduced its annual interest expense by approximately $1 billion, the company said.
