Ascent Capital Group Inc. (Nasdaq: ASCMA) announced Thursday that its CEO has stepped down and a replacement has been named.
William Fitzgerald, who has been with the Greenwood Village-based home security systems provider for 18 years, will be replaced by William Niles. Niles has since 2008 serves as executive vice president and general counsel and secretary at Ascent.
"Bill and I have been partners together at Ascent for nearly 18 years and I have tremendous respect for him and all he has provided the company during that time,” said William Fitzgerald, Chairman of Ascent Capital Group. “I’m confident he will serve us very well in his new capacity as CEO.”
Niles also served as director of Dallas-based Monitronics Inc. (MONI) Smart Security since its 2013 acquisition by Ascent Capital Group.
Fitzgerald will continue in his role as chairman of the board.
Ascent Capital Group Inc. is a spinoff of John Malone’s Liberty Media empire.
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