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TDS names new treasurer

Telephone and Data Systems Inc. said May 24 that it promoted John Toomey to vice president and treasurer, effective immediately.

Toomey succeeds Peter Sereda, who has been appointed senior vice president of finance for TDS.

Toomey recently served as vice president and assistant treasurer. In his new role, he will take on more responsibilities for capital markets activities, banking relationships, cash investing and other corporate finance functions for the company and its business units United States Cellular Corp. and TDS Telecom.