John Dubel will replace disgraced former CFO Scott Sullivan, who resigned shortly after allegations of a $4bn fraud emerged in June.
Dubel and Gregory Rayburn, hired as chief restructuring officer, join the company from AlixPartners LLC, a restructuring firm which was recently hired by Kmart, the bankrupt retail group.
Primary responsibility for Dubel and Rayburn will be to oversee the restructuring of WorldCom, including negotiating with creditors and assessing financial projections.
At the same time it emerged that WorldCom is to close its wireless phone business – two million customers will be transferred to other service providers.
WorldCom filed for Chapter 11 bankruptcy protection a week ago, the biggest such filing in US history.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children