May 28, 2023

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Lumen Technologies Taps Chris Stansbury to Lead Finance Operations as CFO; CEO Jeff Storey Quoted

Chris Stansbury, a former Arrow Electronics govt, has been chosen as main money officer of Lumen Technologies.

In his new job, helpful April 4th, Stansbury will oversee and immediate Lumen’s assets and money functions, the Monroe, Louisiana-based mostly info technological know-how organization claimed Monday.

Jeff Storey, president and CEO of Lumen, shared that Stansbury will aid to broaden the company’s profits and travel expansion immediately after the business has not long ago shut two noteworthy divestitures.

“It is a organic time for us to find the chief very best positioned to reach our plans. Chris’ management and economical acumen deliver a one of a kind talent set to our enterprise as we scale the Lumen Platform and our Quantum Fiber develop, both important drivers of our return to advancement,” Storey added.

At Lumen, Stansbury will leverage above three many years of encounter in senior-amount finance roles at huge firms. He expended just about 20 many years of this time doing the job for beverage providers, with almost six a long time at Seagram, wherever his time culminated as income finance director of Tropicana goods.

Stansbury then labored at PepsiCo and subsequently transitioned to the IT marketplace with four years at Hewlett Packard. In the latter group, he rose the ranks from vice president of finance in the PSG finance throughout the world operations division to CFO of the company’s global networking organization. He was in cost of the branch’s organizing, forecasting and reporting, as effectively as a participant in expense tactic.

Prior to coming to Lumen, Stansbury was senior vice president and main economical officer of Arrow Electronics, a business focused on emerging systems and style engineering, between other products and services.

“This is an crucial time in Lumen’s transformation, and I glimpse forward to continue on creating on the terrific do the job the team has underway,” remarked Stansbury. “Lumen has a sturdy fiscal basis and sizeable opportunities for worth creation.”

Stansbury succeeds Neel Dev in the new placement.