Tuesday, April 30, 2013

WSJ: Obama to Nominate Wheeler as Next FCC Chairman

Major media outlets, including The Wall Street Journal, reported that President Obama is set to nominate Tom Wheeler as the next Chairman of the FCC, replacing Julius Genachowski, who recently stepped down.

Tom Wheeler served as President of the National Cable Television Association (NCTA) from 1979 to 1984 and was later CEO of the Cellular Telecommunications & Internet Association (CTIA) until 2004.

He is currently Managing Director of Core Capital Partners, a venture capital firm headquartered in Washington, D.C. with approximately $350 million under management.

Portfolio investments of Core Capital Partners include Sourcefire (NASDAQ: FIRE), Inlet Technologies (acquired by Cisco), SwapDrive (acquired by Symantec), IXI Corporation (acquired by Equifax), SilverStorm (acquired by QLogic), Roundbox, Twisted Pair Solutions, BridgeWave Communications, UpdateLogic and Infinite Power Solutions. Other invested companies in the networking field include PureWave Networks (compact outdoor base stations), Univa (management software for traditional, dynamic and cloud data centers), GENBAND (IP gateways, session border controllers and FMC security) and Trust Digital (enterprise mobility management software), amongst others.