Technology >> CEO Interviews >> April 24, 2000
ROBERT WOLSEY is primarily responsible for the overall direction of
Pinnacle Holdings Inc.'s acquisitions and operations and has substantial
experience in consolidating fragmented industries. From 1990 to 1994,
Mr. Wolsey, as Chief Executive Officer of Pittencrieff Communications,
Inc. (PCI), a regional consolidator of SMR operators, spearheaded the
acquisition of 28 SMR businesses and related assets (including over 100
towers) for a purchase price of over $30 million. During Mr. Wolsey's
tenure at PCI, revenue increased from $100,000 to over $28 million. In
June 1993, PCI raised over $74 million in its initial public offering of
its common stock. At the time of Mr. Wolsey's departure from PCI in
April 1994, PCI had a market capitalization in excess of $200 million.
From 1983 to 1989, Mr. Wolsey, as President of Pittencrieff plc and a
predecessor company, negotiated and acquired over $30 million in oil and
gas assets in 16 separate transactions. He has a Bachelor of Science
(Honors) degree in Color Physics from the University of Manchester. Profile
company? Then describe what you see as the business and company today.
Mr. Wolsey: We formed Pinnacle about five years
