May 21, 2022

Charlotte-Based Fiber Network Provider Appoints New CEO After Cox Acquisition

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 assumed responsibilities as CEO, the company said in a declaration.

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

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

Hart was previously executive vice president and chief product and technology officer at Cox Communications. The company noted in its statement that in this previous role, held for 11 years, Hart delivered over $ 20 billion in investment programs and doubled the company’s return on investment.

“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 corporate and operator networks, will be a part of integral to the direction of 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 release.

The sale of Segra to Cox Communications allowed NorthState to become an independent company again, as WRAL TechWire reported in October 2021. The acquisition agreement was for $ 240 million.

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

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