TDS announces CFO transition plans


CHICAGO, December 9, 2021 / PRNewswire / – Telephone and Data Systems, Inc. (NYSE: TDS) today announced a series of planned financial leadership transitions that are expected to occur through May 2022. Peter L. Sereda, currently Executive Vice President and Chief Financial Officer of TDS plans to retire in May 2022 and will be replaced by Vicki L. Villacrez, currently Senior Vice President – Finance and Chief Financial Officer of TDS Telecom, a wholly owned subsidiary of TDS. The replacement of Ms. Villacrez as CFO of TDS Telecom will be Michelle M. Brukwicki, currently Vice President – Financial Analysis and Strategic Planning at TDS.

“TDS has an effective succession planning process in place, and this orderly transition to these important leadership positions is proof of this long-term effort,” said LeRoy T. Carlson, Jr., President and CEO of TDS. “Vicki Villacrez was instrumental in the successful transformation of TDS Telecom as it implemented its broadband strategy and significantly expanded the fiber deployment program. We look forward to his contributions to leading the finance teams at TDS. Michelle brukwicki brings exceptional experience in strategic planning, analysis and accounting to her new role as head of the financial organization at TDS Telecom, and I have no doubts that she will excel in her new role. “

“I sincerely thank Pierre Sereda for his most significant contributions to the TDS business over the past 23 years, as Treasurer and then Chief Financial Officer. His continued leadership on TDS capital structure, finances and accounting has enabled the company to properly finance our activities and growth plans for years to come. “

Villacrez was appointed Vice President – Finance and Chief Financial Officer of TDS Telecom in May 2012 and was promoted to Senior Vice President in 2017. She has been with the company for three decades, after joining parent company TDS, Inc. in 1989, as an internal auditor. Before taking up her current role, she held several management positions with increasing responsibilities in finance.

Villacrez works with many stakeholders including the TDS board, audit committee, investors, buy and sell analysts, news / industry journalists, and news agencies. rating.

Villacrez obtained a Bachelor of Science in Accounting from Graduate University of Iowa and a master’s degree in business administration from Edgewood College in Madison, Wisconsin. She is also a certified public accountant.

Michelle brukwicki became Vice President – Financial Analysis and Strategic Planning at TDS in 2017. She leads the enterprise-wide strategic planning, budgeting and forecasting process for TDS and its business units.

Brukwicki joined TDS in 2007. Prior to taking on her current role, she most recently served as Director of Accounting for TDS Telecom. Previously, she held increasingly responsible leadership positions within the organization in the areas of accounting and financial reporting, cash accounting and accounting policy.

CPA, Brukwicki obtained a bachelor’s degree in business administration and a master’s degree in business administration from the University of WisconsinMadison.

About TDS
Telephone and Data Systems, Inc. (TDS), a Fortune 1000® business, provides wireless; broadband, video and voice; and hosted and managed services to approximately 6 million connections nationwide through its businesses, UScellular, TDS Telecom and OneNeck IT Solutions. Founded in 1969 and based in Chicago, TDS employed around 8,900 people in September 30, 2021.

For more information on TDS and its subsidiaries, visit:
TDS Telecom:
OneNeck IT solutions:

SOURCE telephone and data systems


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