Technology >> CEO Interviews >> August 28, 2000

John Depodesta – Primus Telecommunications Group Inc (prtl)

JOHN F. DEPODESTA is a co-Founder of PRIMUS Telecommunications Group, Incorporated and currently serves as a member of its Board of Directors and as Executive Vice President. Over the last two years, he has spearheaded PRIMUS's efforts to reduce its debt from $1.3 billion to the current level of $542 million through a combination of open market purchases, equity for debt exchanges and negotiated settlements. His involvement in the telecommunications industry began with his participation in the development of recommendations advocating the divestiture of AT&T. He has been instrumental in organizing the formation and capitalization of, and assisting in obtaining regulatory authority for, several telecommunications entities over the past 15 years, including PRIMUS, Cygnus Satellite Corporation and Overseas Telecommunications, Inc. He has had significant involvement in restructuring, deregulation and privatization of regulated entities in the United States and abroad. As General Counsel, he was responsible for developing the reorganization strategies for Penn Central Transportation Company, then the largest corporate restructuring in US history. Later, as General Counsel for Consolidated Rail Corporation, Mr. DePodesta was actively engaged in efforts that resulted in deregulation of the rail industry. Thereafter, while in private law practice, he developed the framework for Conrail's privatization, which resulted in the then largest IPO in US history. He has also advised the World Bank and governments on railroad privatization in Mexico and Poland. He holds a BA from Harvard College (1966) and a JD from the University of Pennsylvania Law School. Profile
TWST: Could you give us an overview of PRIMUS Telecommunications Group,

including its origins, development, markets, your own involvement with

the company and your view of the firm's future