/ Source: Reuters
MCI on Tuesday named a former U.S. attorney general as its nonexecutive chairman, separating the titles of chairman and chief executive as planned under its bankruptcy reorganization.
The long-distance telephone company said Chairman and CEO Michael Capellas would become president and CEO, while board member Nicholas Katzenbach took the nonexecutive chairman title. Both moves will become effective once MCI emerges from bankruptcy in April.
MCI, which plans to shed the WorldCom name linked to the accounting scandals that drove it into bankruptcy, also said President and Chief Operating Officer Rick Roscitt had left the company.
