Chris Stansbury, a former Arrow Electronics government, has been chosen as main monetary officer of Lumen Technologies.
In his new position, effective April 4th, Stansbury will oversee and immediate Lumen’s property and money functions, the Monroe, Louisiana-based mostly details technological innovation company claimed Monday.
Jeff Storey, president and CEO of Lumen, shared that Stansbury will assistance to extend the company’s profits and travel progress soon after the firm has recently shut two noteworthy divestitures.
“It is a natural time for us to locate the leader very best positioned to achieve our plans. Chris’ management and financial acumen deliver a exceptional skill established to our company as we scale the Lumen System and our Quantum Fiber develop, equally vital drivers of our return to growth,” Storey included.
At Lumen, Stansbury will leverage over three many years of encounter in senior-stage finance roles at massive businesses. He used virtually 20 many years of this time doing work for beverage corporations, with just about six a long time at Seagram, wherever his time culminated as income finance director of Tropicana goods.
Stansbury then labored at PepsiCo and subsequently transitioned to the IT marketplace with 4 decades at Hewlett Packard. In the latter business, he rose the ranks from vice president of finance in the PSG finance worldwide operations division to CFO of the company’s global networking business enterprise. He was in charge of the branch’s preparing, forecasting and reporting, as well as a participant in investment approach.
Prior to coming to Lumen, Stansbury was senior vice president and chief money officer of Arrow Electronics, a enterprise centered on emerging systems and design engineering, amongst other expert services.
“This is an crucial time in Lumen’s transformation, and I glance forward to go on building on the terrific function the crew has underway,” remarked Stansbury. “Lumen has a strong fiscal foundation and considerable prospects for value development.”
Stansbury succeeds Neel Dev in the new posture.