Covad Taps John E. Trewin as Senior Vice President and CFO

Covad Communications Group, Inc. (www.covad.com), a provider of integrated voice and data communications, today announced that it will appoint John E. Trewin as its Senior Vice President and Chief Financial Officer. The appointment will be effective March 16, 2005.

Trewin joins Covad with nearly 20 years' experience as a CFO. Most recently he has served as principal of Trewin and Associates, counseling domestic and international clients in the areas of finance, SEC compliance, investor relations and information technology.

"I am pleased that someone with John's background and experience has agreed to join Covad as our chief financial officer," said Charles Hoffman, president and chief executive officer of Covad.

Trewin also served as CFO for The O'Brien Corporation, a $140 million privately held manufacturer and marketer of architectural, industrial and automotive coatings and supplies, and as Vice President, CFO and Director of Ampex Corporation, then a $700 million international manufacturer and marketer of television, instrumentation, and computer equipment and magnetic recording tape.

Trewin has a Bachelor's degree from the University of San Francisco and an MBA from the University of California-Berkeley and is a certified public accountant.

Susan Crawford, the company's acting Chief Financial Officer, has notified the company of her intention to resign effective March 15, 2005 to accept a position with another company.

Covad is a leading nationwide provider of integrated voice and data communications. The company offers DSL, Voice Over IP, T1, Web hosting, managed security, IP and dial-up, and bundled voice and data services directly through Covad's network and through Internet Service Providers, value-added resellers, telecommunications carriers and affinity groups to small and medium-sized businesses and home users.