Rapid Link President Resigns

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Rapid Link Inc. said that President David Hess has submitted his resignation effective immediately on Oct. 31 but will remain on the company’s board.


The Woodland Hills-based provider of Internet phone services added that Hess departed to “pursue other goals.” Hess was only at the helm of the 9,000-employee company for 16 months but helped Rapid Link more than doubled its revenues during that span.


“David came to Rapid Link with one primary objective, which was to head up the turnaround effort that culminated in the successful acquisition of Telenational Communications, Inc. in May 2006,” John Jenkins, the company’s chief executive said. “We wish David the best in his future endeavors.”


The company named Chief Financial Officer Christopher Canfield to serve as president.


Shares in Rapid Link were up 60 cents to $42.26 in early trading Friday.

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