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posted: 6/24/2013 12:15 PM

US Cellular names Meyers as new CEO

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Associated Press

Wireless carrier U.S. Cellular Corp. has named longtime executive Kenneth Meyers as president and CEO.

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Meyers succeeds Mary Dillon, who has resigned to become CEO of Ulta Salon, Cosmetics & Fragrance Inc.

Meyers most recently served as executive vice president and chief financial officer of Telephone and Data Systems Inc., U.S. Cellular's majority owner. He is a board member for both companies.

Meyers joined U.S. Cellular in 1987 and has held other positions there, including executive vice president and CFO.

Its shares hit a 52-week low of $32.25 on Friday. They are down 22 percent from their 52-week high of $41.54 last July.

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