MI-Connection CEO David Auger Announces Retirement
MI-Connection CEO David Auger announced his plans to retire by the end of June 2017. He will leave to focus on the company that he co-owns, National Food Equipment Services. MI-Connection is the community-owned and locally operated communications system proudly serving the towns of Mooresville, Davidson and Cornelius in the counties of Mecklenburg and Iredell in North Carolina.
Auger has served as MI-Connection’s CEO since December 2011 and has had many accomplishments such as increasing business customers to nearly 1000 locations served (an increase of 119%); increasing total customers by 30%; increasing revenue by 37%, increasing EBIDA (earnings before interest, depreciation and amortization, a key metric used by cable operators to measure performance) by 132%; and reducing the contributions from the Towns of Mooresville and Davidson toward MI-Connection debt from $7.01milllion in fiscal year 2012 to $3.03 million in the projected fiscal year.
“David has overseen tremendous product enhancements including our 1 GB download fiber offering, internet speed increases, TVAnywhere and our most successful new product launch, Whole Home DVR,” said MI-Connection Board of Directors Chair Larson Jaenicke. “We are grateful for his work to improve MI-Connection during a rough economy into the viable company that it is today.”
Auger helped transition the company from a third-party managed arrangement through Bristol Virginia Utilities to a locally managed, standalone entity. He tripled the company’s Fiber-to-the-Home footprint, providing more services to a wider audience of customers.
“We are grateful for David’s leadership over the past several years to bring MI-Connection to where it is today,” said Davidson Mayor John Woods. “The MI-Connection Board of Directors and Towns of Davidson and Mooresville will conduct an extensive search for his replacement to continue to position MI-Connection as a local leader in the communications industry.”
Prior to joining MI-Connection as CEO, Auger served MI-Connection as a consultant, was division president for the Charlotte region of Time Warner Cable, publisher of the Los Angeles Daily News, and also held many roles at Time Warner Cable in Ohio and Texas.
MI-Connection is the community-owned and locally operated communications system proudly serving the towns of Mooresville, Davidson and Cornelius in the counties of Mecklenburg and Iredell in North Carolina. MI-Connection offers a Triple Play of Services including Cable TV, High-Speed Internet and Phone for both residences and businesses.