Telephone and Data Systems, Inc. (NYSE: TDS) planned a series of alterations in finance leadership, expected to take place through May 2022. Peter L. Sereda plans to retire in May 2022. He currently works as Executive Vice President and Chief Financial Officer of TDS. He will be replaced by Vicki L. Villacrez, currently Senior Vice-President- Finance and Chief Financial Officer of TDS Telecom, a wholly-owned subsidiary of TDS. Michelle M. Brukwicki, current Vice President- Financial Analysis and Strategic Planning at TDS will be appointed in place of Vicki L. Villacrez.
Villacrez worked for three decades with this company. She joined in 1989 as an internal auditor. In May 2012 she was named Vice President-Finance and CFO at TDS Telecom and was promoted to Senior Vice President in 2017. She works with several stakeholders, including the TDS Board of Directors, Audit Committee, investors, buy and sell analysts, news/industry reporters, and rating agencies. Before holding her current role she experienced multiple leadership positions. She pockets a Bachelor of Science in Accounting and a Master in Business Administration. She is also a certified public accountant.
“TDS has an effective succession planning process, and this orderly transition at these important leadership positions is evidence of this long-term effort,” said LeRoy T. Carlson, Jr., President and Chief Executive Officer of TDS. “Vicki Villacrez has been instrumental in driving the successful transformation at TDS Telecom, as it has executed on its broadband strategy and significantly expanded the fiber deployment program. We look forward to her contributions leading the finance teams across the TDS Enterprise. Michelle Brukwicki brings an exceptional background in strategic planning, analysis, and accounting to her new role leading the finance organization at TDS Telecom, and I am confident she will excel in her new position.”
Michelle Brukwicki joined TDS in 2007. Before 2017 she served the company as Director of Accounting. She also played increasingly responsible management roles within the organization in accounting and financial reporting, cash accounting, and accounting policy. Michelle became Vice President-financial Analysis and Strategic Planning in 2017. She received a Bachelor of Business Administration and a Master of Business Administration from the University of Wisconsin – Madison.
“I sincerely thank Peter Sereda for his most meaningful contributions to the TDS Enterprise for the last 23 years, as Treasurer and then Chief Financial Officer. His steady leadership over TDS’ capital structure, finance, and accounting has positioned the company to soundly finance our business and our growth projects for years to come.”
