Chris Stansbury, a former Arrow Electronics govt, has been chosen as chief monetary officer of Lumen Technologies.
In his new part, productive April 4th, Stansbury will oversee and direct Lumen’s property and fiscal functions, the Monroe, Louisiana-centered info technologies enterprise claimed Monday.
Jeff Storey, president and CEO of Lumen, shared that Stansbury will assist to increase the company’s income and travel growth following the organization has lately shut two noteworthy divestitures.
“It is a natural time for us to uncover the leader best positioned to obtain our ambitions. Chris’ management and economic acumen carry a one of a kind talent established to our firm as we scale the Lumen System and our Quantum Fiber create, the two significant motorists of our return to development,” Storey extra.
At Lumen, Stansbury will leverage about three many years of practical experience in senior-stage finance roles at large businesses. He spent just about 20 years of this time doing work for beverage organizations, with nearly 6 decades at Seagram, where by his time culminated as gross sales finance director of Tropicana products and solutions.
Stansbury then worked at PepsiCo and subsequently transitioned to the IT market with four yrs at Hewlett Packard. In the latter firm, he rose the ranks from vice president of finance in the PSG finance throughout 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 well as a participant in investment method.
Prior to coming to Lumen, Stansbury was senior vice president and chief monetary officer of Arrow Electronics, a corporation concentrated on rising systems and design and style engineering, among the other solutions.
“This is an vital time in Lumen’s transformation, and I glimpse forward to carry on creating on the fantastic work the staff has underway,” remarked Stansbury. “Lumen has a solid fiscal foundation and major prospects for price generation.”
Stansbury succeeds Neel Dev in the new position.