September 26, 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 government, has been selected as main financial officer of Lumen Systems.

In his new position, helpful April 4th, Stansbury will oversee and immediate Lumen’s belongings and fiscal functions, the Monroe, Louisiana-centered facts know-how firm mentioned Monday.

Jeff Storey, president and CEO of Lumen, shared that Stansbury will aid to develop the company’s earnings and drive development following the business has not too long ago closed two noteworthy divestitures.

“It is a organic time for us to locate the chief ideal positioned to accomplish our objectives. Chris’ leadership and financial acumen bring a unique ability set to our enterprise as we scale the Lumen Platform and our Quantum Fiber establish, both of those crucial drivers of our return to growth,” Storey extra.

At Lumen, Stansbury will leverage in excess of a few decades of experience in senior-amount finance roles at significant companies. He expended practically 20 years of this time doing work for beverage organizations, with pretty much 6 years at Seagram, exactly where his time culminated as product sales finance director of Tropicana products.

Stansbury then worked at PepsiCo and subsequently transitioned to the IT sector with four many years at Hewlett Packard. In the latter organization, he rose the ranks from vice president of finance in the PSG finance around the world functions division to CFO of the company’s world networking company. He was in cost of the branch’s preparing, forecasting and reporting, as perfectly as a participant in investment decision strategy.

Prior to coming to Lumen, Stansbury was senior vice president and chief economical officer of Arrow Electronics, a business concentrated on emerging systems and design engineering, among other products and services.

“This is an essential time in Lumen’s transformation, and I glance forward to continue making on the fantastic work the group has underway,” remarked Stansbury. “Lumen has a robust economic basis and substantial options for price generation.”

Stansbury succeeds Neel Dev in the new posture.