Peter Aquino ’83 has
an entrepreneurial spirit and unflagging ambition, qualities that have served him
well through the years. The 51-year-old chairman, president and CEO of Primus Telecommunications,
was born and raised in Paterson, New Jersey, where he beat the odds by
graduating from John F. Kennedy High School in a class where more than half of the
students did not.
“I always wanted to
be successful through hard work,” says Aquino, who was both class president and
a captain of the high school football team.
He took that
ambition to Montclair State, where he majored in finance. “I focused on doing
my best in school,” he says. “Montclair was a great place to get a good education
and be around really smart people. Many of my finance professors were
fantastic.”
His hard work paid
off. In his senior year, Aquino received a scholarship from New Jersey Bell
(now Verizon) and went to Harvard to assist in teaching a graduate course in
international monetary economics and finance. Upon returning from Harvard, Aquino
joined New Jersey Bell and eventually Bell Atlantic in Virginia, where he
worked in rates and tariffs, finance, competition marketing, operations and
regulatory and corporate development. But
after 13 years, Aquino says, he found the telephone company “a little boring.” He
left Bell in 1995 to help build a telecommunications company in Venezuela from the
ground up.
“It was very
entrepreneurial,” he says. “We provided the leadership, planning and oversight
of a telephone company from scratch.” The company, Veninfotel (now NetUno),
became Latin America’s first fiber-based provider of “triple-play” telecommunications
–– television, high-speed Internet access and telephone service combined.
When Aquino returned
to the states in 2000, the telecom industry was in bad shape. “It was a
horrible time,” he says, “but I was having very good career momentum.” He found
that his experience overseas, combined with his years at Bell, positioned him to
help struggling companies get back on their feet. For the next 10 years Aquino
became a restructuring expert, helping several companies through bankruptcy and
out toward a resurgence, including RCN Corp, where he served as president and
CEO from 2004 to 2010.
Aquino’s advice to students is to get experience overseas. “To succeed at higher-level jobs that are global in nature, you must have some international experience that’s not just from reading a book or newspaper,” he says. “You need to go there and make it part of your repertoire.”
