GTT appoints new interim CFO

GTT appoints new interim CFO

09 December 2020 | Natalie Bannerman

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GTT Communications confirms the appointment of Donna Granato, the former senior vice president of Finance, as the company’s interim chief financial officer.

“We are confident that Donna’s leadership will be invaluable as we work towards closing the sale of GTT’s infrastructure division to I Squared Capital. We remain in ongoing advanced discussions regarding incremental financing to satisfy our liquidity needs,” said Ernie Ortega, Interim CEO at GTT.

The news follows the announcement that chief financial officer Steven Berns has stepped down from his role as CFO. However, Berns will remain available to the company as a resource through a transitionary period, until 31 January 2021.

“We greatly appreciate Steven’s partnership, expertise, leadership and many contributions navigating GTT through this critical time. We thank Steven for his dedication to GTT and his support through the transition. I wish him the best in his future endeavours,” said Ortega.

Granato enters the role having held financial and operational roles of increasing responsibility in such areas as investor relations, corporate finance and mergers and acquisitions.

In addition, she brings extensive media and communications experience, having worked at CBS, Viacom, Tribune Company, Interpublic Group, MDC Partners and Omnicom. She also spent two years as a media investment banker at Salomon Smith Barney.

Granato is also a certified public accountant and graduated from Rider University's undergraduate accounting program and earned an MBA from New York University.

“We are very fortunate and pleased to have Donna provide her expertise and leadership in the role of interim Chief Financial Officer,” continued Ortega.

“Having worked with Berns for many years, Donna has been an integral member of GTT’s finance team since her arrival in June 2020. Her appointment will ensure that we continue to provide exceptional service to our valued customers, employees, vendors and investors.”

In her role Granato will report directly to Ortega.