Ascent CEO pulls the plug: resigns as of Sept. 30


Less than three years after taking over the helm at Ascent Group (formerly St. Thomas Holdings Inc.) CEO Ron Osborne has tendered his resignation, effective Wednesday.
He is stepping down just 10 days after the utility’s dismal 2014 financial statement was presented to city council.
In 2014, the Ascent Group rang up an operating loss of $6.8 million. That compares with a $1.4 million profit in 2013.
Furthermore at the end of last year, Ascent owed the city another $7.9 million for deferred payment of water bills which it collects on behalf of the city. Continue reading

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