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TDS, US Cellular make changes to financial leadership

Telephone and Data Systems Inc. and its subsidiary United States Cellular Corp. made some changes to their management structure.

Peter Sereda, currently senior vice president of finance at TDS, now will serve as TDS' executive vice president and CFO.

Steven Campbell, currently executive vice president, CFO and treasurer at U.S. Cellular, will now serve as executive vice president and chief administrative officer at U.S. Cellular. In this role, Campbell will provide oversight for the CFO function and will provide direct leadership for the strategy, financial planning and analysis, regulatory affairs and supply chain activities at U.S. Cellular, according to a May 28 news release.

Douglas Chambers, currently senior vice president of finance at TDS and chief accounting officer at TDS and U.S. Cellular, will become senior vice president, CFO and treasurer of U.S. Cellular, succeeding Campbell as CFO. Chambers will report to Campbell and be responsible for U.S. Cellular's accounting and financial reporting, as well as credit and real estate services.

Anita Kroll will continue as vice president and controller at TDS and will succeed Chambers as chief accounting officer at TDS and U.S. Cellular.

The changes will take effect June 24.

Telephone and Data Systems provides a host of communication services through its business portfolio. U.S. Cellular is the fifth-largest full-service wireless carrier in the U.S.