23.11.2021 – 18:11
The board of directors of Afiniti Ltd. (“Afiniti”) has named Larry Babbio as Chairman of the Board of Directors of Afiniti, effective immediately. Mr Babbio has been a member of Afiniti’s Board of Directors since 2016. As a former vice chair and president of Verizon Communications, Inc., Mr. Babbio brings the knowledge and experience to help propel Afiniti forward.
Afiniti also announced today the formation of a special committee of the Board of Directors to investigate issues related to the conduct of the former CEO and Chairman. Leslie R. Caldwell, Latham & Watkins, LLP, will lead the investigation. Ms. Caldwell previously served as the Assistant Attorney General in the Criminal Division of the United States Department of Justice.
“As chairman, my immediate priority is keeping our employees safe and ensuring that we continue to provide the best possible service to our customers. This investigation is an important and necessary first step in creating a brighter future for Afiniti,” said Babbio.