MI-Connection CEO David Auger plans to retire by the end of June 2017 to focus on a Mooresville-based company he co-owns, National Food Equipment Services.
MI-Connection is the community-owned and locally operated communications system in Mooresville, Davidson and Cornelius.
Since joining MI-Connection in December 2011, Auger has boosted the total number of customers by 30 percent and revenue by 37 percent. That enabled Mooresville and Davidson to reduce their contributions to MI-Connection’s debt from $7.01 million in fiscal year 2012 to $3.03 million this fiscal year.
“We are grateful for his work to improve MI-Connection during a rough economy into the viable company that it is today,” Larson Jaenicke, chair of MI-Connection’s board of directors, said Wednesday.
MI-Connection’s board and the towns of Davidson and Mooresville will conduct an extensive search for his replacement, Davidson Mayor John Woods said.
Auger previously was Time Warner Cable’s Charlotte region division president. He also was publisher of the Los Angeles Daily News and held many roles at Time Warner Cable in Ohio and Texas.