MONROE, La., Sept. 24, 2018 /PRNewswire/ -- CenturyLink, Inc.
(NYSE: CTL) today announced that Executive Vice President and Chief
Financial Officer Sunit Patel has
resigned from CenturyLink after accepting an executive leadership
role at another company. Patel's resignation is effective
Sept. 28. CenturyLink will initiate a
search process for his replacement that will include both internal
and external candidates.
Neel Dev, CenturyLink's group vice president of finance, has
been named interim CFO effective upon Patel's departure. Dev served
as the integration planning lead for Level 3 in the recent
CenturyLink acquisition and currently has responsibility for
business unit finance support, supply chain and procurement,
capital governance management, budgeting and financial performance
analysis and management. He has been part of Patel's leadership
team for 14 years and has more than 20 years of experience in the
telecommunications industry, in both financial and operational
roles.
"Sunit has made significant contributions to CenturyLink and
Level 3 as CFO, and he has been a valuable partner to both
companies and to me," said Jeff
Storey, president and chief executive officer of
CenturyLink. "Additionally, Sunit did a great job in building bench
strength and an excellent leadership team across the finance
organization. As Sunit focused on our external stakeholders, Neel
has been our de facto operational CFO and part of my management
team for the past ten years. I am highly confident he will continue
our drumbeat of financial discipline across CenturyLink with a
focus on synergy attainment, operating efficiency and profitable
growth."
About CenturyLink
CenturyLink (NYSE: CTL) is the second largest U.S. communications
provider to global enterprise customers. With customers in more
than 60 countries and an intense focus on the customer experience,
CenturyLink strives to be the world's best networking company by
solving customers' increased demand for reliable and secure
connections. The company also serves as its customers' trusted
partner, helping them manage increased network and IT complexity
and providing managed network and cyber security solutions that
help protect their business.
Forward-Looking Statements
Except for historical and factual information, the matters set
forth in this release identified by words such as "expects,"
"believes," "will" and similar expressions are forward-looking
statements as defined by the federal securities laws, and are
subject to the "safe harbor" protections thereunder. These
forward-looking statements are not guarantees of future results and
are based on current expectations only, and are subject to
uncertainties, including the completion of documentation of the
above-described arrangements. Actual events and results may differ
materially from those anticipated by us in those statements. We may
change our intentions or plans discussed in our forward-looking
statements without notice at any time and for any reason.
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SOURCE CenturyLink, Inc.