American Broadband-nationwide Solutions

Broadband Networks Broadband Network Solutions Backhaul Solutions Network Integration and Migration American Broadband Last Mile Network Solutions American Broadband Service
ABi Corporate Officers
 
WAN Networks
Mr. Theodore Baum
Chairman

Thomas K. Grundman

Chief Executive Officer and President

 

Mr. Grundman has more than 25 years of executive managerial, financial advisory and financing experience across a wide variety of industries. Mr. Grundman worked for JP Morgan Chase Securities and its predecessor banks for 12 years, first structuring debt and equity transactions for leveraged buyouts and then as a Managing Director in the Global Oil and Gas group. He joined PNC Bank, NA in 1996 as a Senior Vice President to lead an Energy Corporate Finance business where he was responsible for merger and acquisition advisory and financing transactions.  In May, 1999 he joined Key Energy Services, Inc. as Senior Vice President, Corporate Development to assist with its financial restructuring and turnaround. Thereafter he was promoted to Executive Vice President of International Operations and CFO. After leading the successful $400 million recapitalization effort, he began his own advisory and investment business in May 2002. Since 2002, Mr. Grundman has invested in, and/or actively managed several incubation stage businesses in the technology and other industries and provided consulting service for other clients.

Mr. Grundman serves as the President of the "Washington Crossing 2026" organization and on other community boards. He received his BS in Finance at Syracuse University and has completed executive management courses conducted by Harvard Business School and Carnegie Mellon University.

Adam C. Kassab
Chief Financial Officer and Legal Counsel

Mr. Kassab joined American Broadband in early 2006 bringing nearly 20 years of extensive financial management experience. Adam came to American Broadband from the PNC Financial Services Group where he was a Vice President and held the positions of Functional Controller of the Private Bank and Controller of the Branch Network. There he was responsible for the valuation, assessment, and financial management of a $137 billion portfolio of assets under management/administration comprised of bonds, stocks, real estate holdings and other assets held in trust; He also played an advisory role in evaluating, structuring and financing complex individual business transactions for institutional and high net-worth personal clients. He
was also responsible for the accounting, analysis, budgeting, forecasting and regulatory reporting related to a $630 million
annual revenue stream. Adam also managed the expense base for the branch network comprised of 700+ locations.

Prior to PNC, Adam was with Mellon Financial Corporation for eight years as Vice President and Controller in the Cash Management and Technology Support Services Division. There he was responsible for $150 million of operating cash and the determination of adequate cash levels for business sustenance as mandated by the Fed while optimizing the cost of funds
for the corporation. He also was responsible for control, analysis and management of the technology procurement and maintenance expenses for a delivery network comprised of 300+ branch locations and 600+ ATM machines. Adam was
involved in all aspects of financial management including development of policies and procedures, annual budgeting, monthly forecasting, modeling and analysis, financial reporting and audits.

Adam also worked at Textron Financial Corporation as a Financial Analyst supporting the CFO and subsequently as a Portfolio Manager within their Real Estate Finance Division. As an analyst, he was responsible for the compilation of the budget, forecast, strategic plan and other analyses in support of the treasury function. As a portfolio manager, he had day-to-day handling and oversight responsibilities for the administrative functions related to a large-ticket commercial real-estate loan portfolio which included accounting, reporting, customer service, collections, feasibility studies, and disposition of properties acquired as a result of foreclosures.

Adam is an Attorney at Law and a member of the Bar of the Supreme Court of Pennsylvania and also a member of the Bar of the Federal District Court of Western PA. Adam is also a Certified Management Accountant and a member of the Institute of Certified Management Accountants. He graduated from Bryant University in Rhode Island with a BS in Business Administration majoring in Information Systems. He also has a PBC in Accountancy from Robert Morris University and has been awarded a Doctor of Jurisprudence degree from Duquesne University where he was a member of Law Review.

Richard Ellsworth
Chief Operating Officer

Prior to joining American Broadband, Rich Ellsworth most recently served as the president of Stahls. Hotronix, a manufacturer
of equipment and garment decorator for the imprinted sportswear industry (ISI) and Imprintables Warehouse, a value added reseller of products and equipment unique to the (ISI). During his 16 year tenure, Rich had full P&L responsibility and
managed all aspects of the company's multi-million dollar businesses including: sales, marketing, finance, IT, product design, engineering, manufacturing and customer service. Under his leadership the company grew from a 7 person operation to a 200 person workforce and serviced the highest profile customers in its industry including, Nike, Reebok, USA Networks, The Home Shopping Network, Global Sports, the NBA, NHL, NFL and Major league Baseball. Additionally, the divisions under his stay
were awarded numerous design achievement awards, became the leading manufacturer of heat seal equipment in the world and achieved the highest customer satisfaction ratings in the company.s history. He was also instrumental in the creation of two new divisions within the Stahls. group of companies that grew to hold dominant positions within the ISI market.
 
Rich obtained a Bachelor of Arts degree from Point Park University in Pittsburgh, PA and has also graduated from the
Industrial Administration and Entrepreneurial Management programs of Carnegie Mellon University. He is a current member of the Executive Board of Directors for the Fay-Penn Economic Development Council of Pennsylvania.