May 21, 2022

Charlotte-based fiber network provider appoints new CEO after acquisition by Cox

CHARLOTTE- Fiber optic network provider Segra, which was acquired by Cox Communications in 2021, has new executive management.

The company will be led by CEO Kevin Hart, who will succeed outgoing CEO Timothy Blitz.

Hart has previously taken on responsibilities as CEO, the company said in a declaration.

According to its website, Segra is one of the largest independent fiber optic bandwidth companies in the United States.

Following the acquisition, the company announced further senior management changes in November.

Hart previously served as executive vice president and chief product and technology officer at Cox Communications. The company noted in its statement that in that previous role, held for 11 years, Hart completed more than $20 billion in capital programs and doubled the company’s return on invested capital.

“Kevin’s ability to drive revenue growth through innovation and strategic investment, coupled with his expertise in technical, operational and transformational leadership and his knowledge of enterprise and carrier networks, will be essential. to guide the next phase of growth and market leadership at Segra,” said Jeff Breaux, Chairman of the Board of Segra and Executive Vice President of Cox Business, in the statement.

The sale of Segra to Cox Communications returned NorthState to an independent company, as WRAL TechWire reported in October 2021. The acquisition deal was worth $240 million.

Parent company of NorthState selling commercial business, to focus on fiber networks in North Carolina, elsewhere

NorthState is now independent, following the sale of parent company Segra to Cox Communications