Bermuda-based Global Crossing Ltd., which is building and operating the world's most advanced global IP-based fibre optic network, has appointed Leo J. Hindery, Jr. as chairman and chief executive officer of its GlobalCenter, Inc. Internet services operation.

Mr. Hindery, 52, was until recently president and chief executive officer of AT&T Broadband & Internet Services (AT&T BIS), the business unit responsible for all of AT&T's domestic local telephony, video and data services operations.

He had previously been president and chief executive officer of Tele-Communications, Inc. (TCI) before it was acquired by AT&T.

An experienced technology and media executive with strong operating and financial skills, Mr. Hindery has a track record of building businesses and creating shareholder value. During his tenure at TCI, Mr. Hindery reshaped both the company and the cable industry and helped create more than $50 billion in value for TCI shareholders.

GlobalCenter is a leading e-commerce service provider which offers customers the Internet infrastructure required to manage highly available, flexible and scalable online enterprises by seamlessly integrating its proprietary infrastructure, applications and intelligence.

Currently the world's second largest web-hosting business with more than one trillion hits per year, GlobalCenter hosts more than 300 of the top Internet brands, including many of the largest and most densely trafficked sites on the Web, such as Yahoo!, The Motley Fool, Ziff Davis, MP3.com and eToys.

"Leo Hindery is an entrepreneurial executive with world-class experience who has created value in every situation he's been involved in,'' said Gary Winnick, Global Crossing founder and chairman.

Mr. Winnick continued: "Leo brings to GlobalCenter a deep understanding of the rapidly growing web-hosting and web-based commerce markets, which will be invaluable as we build on our already strong position in these new dynamic businesses. We are exploring ways to maximise the exceptional value of GlobalCenter, including a possible IPO of a minority stake or through a tracking stock in the near future.'' BUSINESS BUC