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Uniti CFO Taking Immediate Leave of Absence for Health Reasons

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Uniti Group Inc. of Little Rock announced Thursday that CFO Mark Wallace is taking a leave of absence due to health reasons, effective immediately.

Paul Bullington has been appointed as interim CFO and principal financial officer. He currently serves as senior vice president of strategic operations at Uniti Fiber. Previously, Bullington was the CFO of Southern Light, which Uniti acquired in 2017.

Wallace was named CFO of the company when it spun off from Windstream in 2015. His total compensation in 2020 was $3.27 million, according to Uniti’s annual proxy statement filed with the Securities & Exchange Commission on April 1.

Before joining Uniti, Wallace was managing director of Fortress Investment Group Inc. and CFO and treasurer of New Senior Investment Group Inc., a senior housing real estate investment trust at Fortress. He also worked on a health care REIT called HCP Inc.

In addition, he served as senior vice president, CFO and treasurer at Westwood Holdings Group Inc. and spent 11 years at Arthur Anderson.

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