Kate Johnson Appointed President and CEO,
Joins Board of Directors;
Jeff
Storey to Retire
DENVER, Sept. 13,
2022 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN)
today announced Kate Johnson has
been appointed President, Chief Executive Officer and a member of
the company's Board of Directors with the transition date expected
to be November 7, 2022. Johnson
succeeds Jeff Storey, who has
announced his retirement after a distinguished 40-year career
within the telecommunication and technology industries, including
Lumen and its predecessors. Storey will remain with the company
through December 31, 2022, to ensure
a smooth transition.
Johnson is a technology executive with an extraordinary track
record of success. She specializes in leading digital and business
transformations to drive growth, having held key leadership roles
across a variety of Fortune 100 companies including Oracle, General
Electric and Microsoft. Most recently, Johnson led Microsoft U.S.,
the company's largest business with a remit for all of the
company's sales, services, marketing and operations. During her
four-year tenure in this role, she led the division through a
substantive cultural transformation while nearly doubling
enterprise revenues.
"Kate's appointment and the strategic transition announced today
are the culmination of a succession plan that Jeff and the board
have been engaged in for the past several years," said T.
Michael Glenn, Chairman of Lumen's
Board of Directors. "We are confident she is the right leader to
take the reins at this important moment in Lumen's history. Kate is
an inspiring and motivational leader who is known for identifying
and creating growth. She is the ideal CEO for Lumen."
Johnson stated, "I am proud to take on the CEO role and eager to
advance the strategy Jeff and the team have created. Lumen has made
significant progress strengthening its balance sheet, expanding its
fiber footprint and enhancing its portfolio of digital
capabilities. I'm looking forward to leading this great company
through its next chapter and helping customers leverage the Lumen
platform to power amazing digital world experiences."
Glenn continued, "On behalf of the board, I thank Jeff for his
leadership and commitment to Lumen during his time with the
company. Thanks to his contributions, Lumen is leveraging the areas
of our business that we believe are best poised for growth. The
imprint Jeff leaves on Lumen is noteworthy – giving our customers
better, faster and more secure connectivity. He led with care and
empathy during challenging times including the pandemic, ensuring
employees stayed safe and customers connected. He leaves Lumen with
a strong foundation in place."
"It has been a privilege to serve as Lumen's CEO," said Storey.
"Throughout my time with the company, I have been incredibly
impressed by our team's commitment to Lumen and to our core purpose
of furthering human progress through technology. I am proud of all
that we have achieved together as we have driven forward on Lumen's
transformation journey. However, when I took this amazing job, I
always spoke openly with the board about my future timeline for
retirement. I am confident that the organization has the strategy
in place to deliver on its priority of achieving profitable revenue
growth. I am very excited to welcome Kate to Lumen. I believe her
experience, leadership and enthusiasm are exactly what we need as
we drive the company forward."
About Lumen Technologies and the
People of Lumen:
Lumen is guided by our belief that humanity is at its best when
technology advances the way we live and work. With approximately
450,000 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.
Forward Looking
Statements:
Except for the historical and factual information contained
herein, the matters set forth in this press release are
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to a number of risks,
uncertainties and assumptions, many of which are beyond our
control, including the finalization of transition planning. Actual
events and results may differ materially from those anticipated,
estimated or projected if one or more of these risks or
uncertainties materialize, or if underlying assumptions prove
incorrect. These forward looking statements speak only as of the
date of this press release. We undertake no obligation and
expressly disclaims any such obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE Lumen Technologies