Lumen Technologies Taps Chris Stansbury to Lead Finance Operations as CFO; CEO Jeff Storey Quoted
Chris Stansbury, a former Arrow Electronics executive, has been selected as chief money officer of Lumen Systems.
In his new position, effective April 4th, Stansbury will oversee and immediate Lumen’s property and economical operations, the Monroe, Louisiana-based information engineering company stated Monday.
Jeff Storey, president and CEO of Lumen, shared that Stansbury will enable to increase the company’s revenue and drive development immediately after the enterprise has not long ago closed two noteworthy divestitures.
“It is a organic time for us to find the chief best positioned to reach our aims. Chris’ leadership and financial acumen deliver a exclusive skill set to our organization as we scale the Lumen Platform and our Quantum Fiber construct, equally important drivers of our return to growth,” Storey additional.
At Lumen, Stansbury will leverage in excess of a few decades of practical experience in senior-degree finance roles at significant businesses. He spent just about 20 several years of this time operating for beverage corporations, with pretty much six yrs at Seagram, the place his time culminated as income finance director of Tropicana goods.
Stansbury then worked at PepsiCo and subsequently transitioned to the IT market with 4 a long time at Hewlett Packard. In the latter corporation, he rose the ranks from vice president of finance in the PSG finance around the globe operations division to CFO of the company’s world wide networking business enterprise. He was in charge of the branch’s preparing, forecasting and reporting, as very well as a participant in investment decision tactic.
Prior to coming to Lumen, Stansbury was senior vice president and chief financial officer of Arrow Electronics, a firm focused on emerging technologies and structure engineering, among other companies.
“This is an important time in Lumen’s transformation, and I appear ahead to go on developing on the good function the group has underway,” remarked Stansbury. “Lumen has a powerful financial foundation and considerable prospects for value creation.”
Stansbury succeeds Neel Dev in the new situation.