Under pressure from activists, billionaire's prison telecom announces reforms
LOS ANGELES - A prison telephone company owned by billionaire Tom Gores has brought in a new chief executive and pledged to implement a series of reforms under pressure from criminal justice activists who have targeted the firm and its owner.
Dave Abel, a former IBM executive and PwC partner, has been named chief executive of Securus Technologies, which has been a lightning rod for criticism since Gores' Beverly Hills private equity firm, Platinum Equity, acquired it for $1.6 billion in 2017. Abel also was named chief executive of Aventiv Technologies, the parent of Securus, created last fall in a corporate reorganization Securus said was meant to accelerate its transformation into a "diversified
