Pacific Telesis' Hulse Hangs It Up

Associated Press

John E. Hulse has resigned as chief financial officer of Pacific Telesis Group, ending his 34-year career in the telecommunications industry, Chief Executive Sam Ginn announced Monday.

Hulse will be succeeded by Lydell L. Christensen, who was also named executive vice president. Christensen, 57, will retain the post of treasurer, which he has held since 1987.

Hulse, 58, was founding chief financial officer at Pacific Telesis when it was launched in 1984, and has been the sole chief financial officer since the post was created in 1981 at Pacific Telephone.

"John has been an integral part of the growth and development of our company's financial strength," Ginn said in a release. "I cannot express enough gratitude and respect for the sound financial operating principles he and his team have created."

The San Francisco-based company is a diversified telecommunications company created when American Telephone & Telegraph divested its local telephone companies.

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