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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Registrant |
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Lumen Technologies, Inc. |
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Lumen Technologies, Inc. |
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Qwest Corporation |
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Qwest Corporation |
Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Item 9.01. |
Financial Statements and Exhibits. |
Exhibit No. |
Description | |
Exhibit 99.1 | Press release dated March 28, 2022, announcing the Chief Financial Officer transition. | |
Exhibit 104 | Cover page formatted as Inline XBRL and contained in Exhibit 101. |
LUMEN TECHNOLOGIES, INC. | ||
By: | /s/ Stacey W. Goff | |
Stacey W. Goff | ||
Executive Vice President, General Counsel and Secretary |
QWEST CORPORATION | ||
By: | /s/ Stacey W. Goff | |
Stacey W. Goff | ||
Executive Vice President, General Counsel and Secretary |
LEVEL 3 PARENT, LLC | ||
By: | /s/ Stacey W. Goff | |
Stacey W. Goff | ||
Executive Vice President, General Counsel and Secretary |
Exhibit 99.1
NEWS RELEASE |
Lumen Appoints Chris Stansbury as Chief Financial Officer
DENVER, March 28, 2022 Lumen Technologies (NYSE: LUMN) today announced that Chris Stansbury has been appointed Chief Financial Officer, effective April 4, 2022, succeeding Neel Dev.
Stansbury most recently served as senior vice president and CFO of Arrow Electronics, Inc., one of the worlds largest providers of technology products, services and solutions. In his role at Arrow, Stansbury was responsible for leading the companys global finance organization and served as a member of the companys executive committee. Stansbury joined Arrow in 2014 as vice president and chief accounting officer.
Chris is a tenured finance executive with an impressive track record of delivering growth and value creation in his prior roles, said Jeff Storey, president and CEO of Lumen. As we drive toward our goal of delivering profitable revenue growth and improving our revenue mix as a result of the expected closing of two significant divestitures later this year, it is a natural time for us to find the leader best positioned to achieve our goals. Chris leadership and financial acumen bring a unique skill set to our company as we scale the Lumen Platform and our Quantum Fiber build, both critical drivers of our return to growth. I would also like to thank Neel for his significant contributions through an important period in Lumens evolution.
Stansbury has more than 30 years of finance leadership experience at multinational corporations across several industries. Prior to his time at Arrow, he served as CFO for the Networking Group of Hewlett-Packard. Prior to HP, he held finance positions of increasing responsibility at PepsiCo.
This is an important time in Lumens transformation, and I look forward to continue building on the great work the team has underway, said Stansbury. Lumen has a strong financial foundation and significant opportunities for value creation. I am excited to be joining the company and cant wait to get started.
There are no changes to our previously issued financial outlook and expectations associated with this announcement.
About Lumen Technologies
Lumen is guided by our belief that humanity is at its best when technology advances the way we live and work. With approximately 500,000 route fiber miles and serving customers in more than 60 countries, we deliver the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences.
Learn more about the Lumen network, edge cloud, security, communication and collaboration solutions and our purpose to further human progress through technology at news.lumen.com/home, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks in the United States.
Media Contact:
Stephanie Meisse
Lumen Public Relations
P: 419.610.3142
stephanie.n.meisse@lumen.com
Investor Relations Contact:
Mike McCormack
Lumen Investor Relations
P: 720.888.3514
mike.mccormack@lumen.com
Services not available everywhere. Business customers only. Lumen may change, cancel or substitute products and services, or vary them by service area at its sole discretion without notice. ©2021 Lumen Technologies. All Rights Reserved.
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