Chris Stansbury, a former Arrow Electronics govt, has been selected as main economic officer of Lumen Technologies.
In his new position, effective April 4th, Stansbury will oversee and direct Lumen’s assets and financial functions, the Monroe, Louisiana-primarily based details technologies company claimed Monday.
Jeff Storey, president and CEO of Lumen, shared that Stansbury will help to grow the company’s profits and push advancement just after the enterprise has a short while ago shut two noteworthy divestitures.
“It is a purely natural time for us to obtain the leader best positioned to realize our targets. Chris’ leadership and fiscal acumen provide a exceptional skill established to our enterprise as we scale the Lumen Platform and our Quantum Fiber create, both equally vital drivers of our return to growth,” Storey included.
At Lumen, Stansbury will leverage in excess of three a long time of knowledge in senior-stage finance roles at large corporations. He invested practically 20 a long time of this time performing for beverage companies, with virtually 6 decades at Seagram, the place his time culminated as gross sales finance director of Tropicana items.
Stansbury then labored at PepsiCo and subsequently transitioned to the IT sector with four yrs at Hewlett Packard. In the latter organization, he rose the ranks from vice president of finance in the PSG finance worldwide functions division to CFO of the company’s worldwide networking organization. He was in demand of the branch’s scheduling, forecasting and reporting, as very well as a participant in expenditure method.
Prior to coming to Lumen, Stansbury was senior vice president and main monetary officer of Arrow Electronics, a firm focused on emerging systems and structure engineering, between other solutions.
“This is an critical time in Lumen’s transformation, and I glimpse forward to continue on creating on the great operate the staff has underway,” remarked Stansbury. “Lumen has a robust economical foundation and major possibilities for value creation.”
Stansbury succeeds Neel Dev in the new place.