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

Chris Stansbury, a previous Arrow Electronics govt, has been picked as chief economical officer of Lumen Systems.

In his new function, efficient April 4th, Stansbury will oversee and direct Lumen’s belongings and money functions, the Monroe, Louisiana-centered info know-how business mentioned Monday.

Jeff Storey, president and CEO of Lumen, shared that Stansbury will assist to broaden the company’s earnings and generate progress right after the corporation has a short while ago shut two noteworthy divestitures.

“It is a normal time for us to discover the chief best positioned to realize our aims. Chris’ management and fiscal acumen carry a unique skill set to our corporation as we scale the Lumen Platform and our Quantum Fiber construct, both of those critical motorists of our return to advancement,” Storey additional.

At Lumen, Stansbury will leverage in excess of a few many years of knowledge in senior-level finance roles at big businesses. He expended approximately 20 yrs of this time doing the job for beverage companies, with practically six decades at Seagram, where his time culminated as income finance director of Tropicana items.

Stansbury then labored at PepsiCo and subsequently transitioned to the IT sector with four several years at Hewlett Packard. In the latter group, he rose the ranks from vice president of finance in the PSG finance around the world functions division to CFO of the company’s global networking enterprise. He was in charge of the branch’s scheduling, forecasting and reporting, as perfectly as a participant in investment decision method.

Prior to coming to Lumen, Stansbury was senior vice president and main economical officer of Arrow Electronics, a enterprise targeted on rising systems and design and style engineering, between other expert services.

“This is an critical time in Lumen’s transformation, and I glance forward to keep on making on the wonderful work the team has underway,” remarked Stansbury. “Lumen has a robust economic foundation and sizeable opportunities for benefit creation.”

Stansbury succeeds Neel Dev in the new placement.