Momentum Telecom Welcomes New President & CEO Bill Fox
Member of Momentum’s Board of Directors takes new leadership role in growing cloud PBX communications company; secures equity funding to boost expansion
BIRMINGHAM, Ala. – July 29, 2013 – Momentum Telecom, the number one most reliable cloud communications provider, today announced that William “Bill” Fox has been appointed as its new President & CEO. Fox will take over the position formerly held by Momentum’s founder and board member, Alan Creighton, making him the company’s second CEO. Creighton will remain on Momentum’s Board of Directors and stay closely involved with the company through the transition.
“This is an exciting time for Momentum. Bill Fox is an excellent leader and I am confident that his strong business background and shared vision in cloud communications will ensure Momentum’s continued success and advancement,” said Creighton. “The past decade has been a period of expansive growth for Momentum and for me professionally. I look forward to actively participating on the board as the company continues to grow its market share.”
With more than three years of experience at Momentum, Fox has played a role in the company’s merger and acquisition strategy, acted as interim Chief Financial Officer in 2011 and continues to serve as a member of the Board of Directors.
“Momentum has a tremendous team with extensive experience in providing cloud communications,” said Fox. “My family and I are honored to join this great team and become part of such a successful high growth company. I look forward to building upon Momentum’s first-class technology infrastructure, its reputation for reliability and customer service, and its growing brand recognition throughout the United States.”
Momentum’s most recent success includes substantial traction in new sales to businesses, with more than 500% growth year-to-date in 2013. Elizabeth Pharo, Chair of Momentum’s Board of Directors, and Creighton are pleased to announce a significant equity commitment from the Board of Directors, which will help fund further expansion of sales initiatives and cloud service offerings.
“This investment from the board shows a strong commitment and enthusiasm from our stakeholders, and I believe that Momentum is in an incredibly strong position in the communications industry,” said Fox. “I am excited about my new leadership role at Momentum and the remarkable opportunities that lie ahead.”
Fox is in San Diego today for the 2013 Independent Show. Momentum’s wholesale voice and broadband management partners are encouraged to stop by booth #103 to meet the new President & CEO.
William Fox: A Proven Business Executive
Fox previously served as Chief Financial Officer of SuccessEHS, Inc, a software and services company for physician offices with approximately 400 employees. Fox has experience as an investment banker with Lincoln International, where he specialized in debt capital financings for middle market leveraged buyouts, and worked for PricewaterhouseCoopers, which provides audit and assurance, tax and consulting services.
Fox received an MBA with Distinction from Harvard Business School and a BS in Business Administration and Accounting from Washington and Lee University.
Fox is an active volunteer with the Crohn’s and Colitis Foundation of America and enjoys cycling, golf, fly fishing, and skiing. Fox is married to his college sweetheart, Allyson, and has twin children, one boy and one girl.
Alan Creighton: An Instrumental Leader for Momentum
When Creighton founded Momentum in 2001 as a traditional telephony service provider for residential and business customers, he rapidly grew the company to over 150,000 subscribers. During his tenure, Creighton led Momentum’s transition to IP voice and cloud-based solutions, established dedicated services to the Wholesale VoIP market in 2005, and secured the capital and enterprise-grade network infrastructure needed to enable Momentum’s expansion into the national Business Voice and Unified Communications retail market in 2011.
“On behalf of everyone at Momentum, I would like to express our thanks to Alan. He has been instrumental in growing the company, its product portfolio and customer base,” said Pharo. “Alan’s achievements during his years as CEO are remarkable. He successfully guided Momentum through significant shifts in strategy, a challenging regulatory environment and a competitive business landscape. We are excited that Alan will continue to actively participate in Momentum’s success from his position on the Board.”
Momentum, a leading business communications provider, offers smart, personalized cloud PBX solutions to direct subscribers and more than 300 partners nationwide. As the industry’s most reliable provider, Momentum delivers superior voice quality backed by a geo-redundant network with 100% uptime. Momentum provides an expansive solution that includes hosted VoIP, SIP trunking, collaboration tools and unified communications services. Learn more at www.gomomentum.com.