FairPoint Names New C.F.O. 

FairPoint Communications has named a new chief financial officer, 44-year-old Ajay Sabherwal will take over the position July 19th.Sabherwal has 16 years of experience in the telecommunications industry, including as C.F.O. at phone company Choice One CommunicationsFairPoint is in chapter 11 bankruptcy protection has been hampered by heavy debt and technical problems.In 2008 the company paid 2 point 3 billion dollars for Verizon Communications inc.’s land line and internet phone operations in Maine, New Hampshire and Vermont.Sabherwal replaces Alfred Giammarino, who resigned in March.