Daniel J. McCarthy has been a significant part of Frontier Communications since 1990. He climbed the ranks, serving various roles, from Senior Vice President to President and CEO. McCarthy took the lead as CEO in April 2015 and kept driving...

Daniel J. McCarthy has been a significant part of Frontier Communications since 1990. He climbed the ranks, serving various roles, from Senior Vice President to President and CEO. McCarthy took the lead as CEO in April 2015 and kept driving the company forward until 2019. His focus on operations helped shape Frontier's strategies and responses to challenges while enhancing customer experiences. McCarthy has also been involved in significant company shifts, like expanding into new markets and improving broadband services. His time in various leadership roles gives him deep insights into the company’s operations and finances. Interestingly, his compensation reflects performance metrics aligned with company goals, showing that success in leadership is closely tied to the company's achievements. During his tenure, he experienced some ups and downs with stock performance, underscoring the volatility in the communications industry. McCarthy's journey is a blend of long-term commitment and strategic leadership, marking a chapter in Frontier's evolution that is notable for its growth and challenges.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Frontier Communications Parent, Inc. CEOs

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Daniel J. McCarthy

Ex-CEO of Frontier Communications Parent, Inc.

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Communication Services

Born

January 1, 1972 - 53 years ago

CEO of Frontier Communications Parent, Inc. for

3 years 0 months (Dec 2016 - Dec 2019)

Previous Experience

Executive Vice President and Chief Operating Officer at Frontier Communications Corporation, Senior Vice President, Field Operations at Frontier Communications Corporation.

Rivals

Competitors/colleagues of Daniel J. McCarthy

Holdings

See how much did Daniel J. McCarthy make over time.

Daniel J. McCarthy has seen notable fluctuations in stock values during his tenure at Frontier Communications. His insider trading activities included regular stock purchases, reflecting a commitment to increasing his stake in the company. In 2022, he executed trades ranging...

Daniel J. McCarthy has seen notable fluctuations in stock values during his tenure at Frontier Communications. His insider trading activities included regular stock purchases, reflecting a commitment to increasing his stake in the company. In 2022, he executed trades ranging from around $191.73K to $226.15K monthly, showing engagement with the stock at various price points. As Frontier's stock evolved, his holdings reflect not only his financial stake but also the confidence he places in the company’s future. Significant sales in the past highlight moments when he possibly took profits while managing his investments. McCarthy’s financial journey is a testament to the risk and rewards of operating in a challenging market.

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Insider Trading

See recent insider trades of Daniel J. McCarthy.

No insider trades found for this CEO.

Compensation History

See how much did Daniel J. McCarthy make over time.

In the realm of executive pay, Daniel McCarthy's compensation at Frontier Communications offers an interesting perspective on performance-based rewards. In 2018, he earned a total of approximately $7.14 million, featuring a mix of salary, bonuses, and stock awards. His base salary was $1 million, with a significant bonus of $1.46 million tied to performance metrics under the Frontier Bonus Plan. This structure shows an alignment with the company’s goals, as his cash rewards depended on achieving various financial metrics like revenue and customer experience targets. In previous years, there were challenges too; for instance, in 2016, he received no bonus due to underperformance against targets. This fluctuation highlights the nature of CEO compensation where gains are linked closely to company performance, reinforcing the need for leaders to drive success to reap rewards.

Year

2018

Total Compensation

$2.94M

Salary

$1.00M

Board Justification

The compensation philosophy aligns executive pay with performance metrics and company goals, focusing on retention and incentivizing strong performance.

Bonus

$1.46M

Board Justification

Cash awards made under the Frontier Bonus Plan based on achievement of performance metrics for 2018.

Other

$9.54K

Board Justification

Includes premiums for life insurance coverage, a 401(k) match, and change in actuarial value of the frozen pension.

Restricted Stock

$472.62K(57.52K Restricted Stock)

Board Justification

The value realized from the vesting of restricted shares and performance shares based on the closing price on the applicable vesting dates.

Performance Metrics

Performance metrics included financial targets such as revenue, Adjusted EBITDA, Operating Cash Flow, and customer experience targets.

Other Frontier Communications Parent, Inc. CEOs

Here are other CEOs of Frontier Communications Parent, Inc.

Mary Agnes Wilderotter

Ex-CEO of Frontier Communications Parent, Inc.

November 2004 - December 2016

Bernard L. Han

CEO of Frontier Communications Parent, Inc.

December 2019 - Present