Changes in store for CenturyLink, Qwest executive team
by Greg Avery
November 11, 2010
Qwest’s 11 state-level executive positions will be eliminated in the merger with CenturyLink, putting seven of the presidents out of work — including Chuck Ward, Qwest's Colorado president.
Monroe, La.-based CenturyLink (NASDAQ: CTL) is replacing the state president model that Denver-based Qwest Communications International (NYSE: Q) uses across its 14-state local service area. CenturyLink will have six regional presidents overseeing different parts of the country after the deal closes, assuming state and federal regulators approve the deal.
CenturyLink has not said who those presidents will be.
CenturyLink is acquiring Qwest in a $10.6 billion stock swap that
will give CenturyLink a 50.5 percent controlling stake in the
merged company. The corporate headquarters will be in
CenturyLink will make two of Qwest’s current
state presidents —
The two executives will split what is now Qwest’s 14-state territory, the company said. They’ll report to Steve Davis, Qwest’s head of government relations. He will keep that job after Qwest becomes part of CenturyLink.
Qwest executives Jim Schmit, Dave Gibson and Lauretta Armenta — presidents of Idaho, Montana and New Mexico operations, respectively — will have jobs with CenturyLink following the merger, though their roles have not yet been defined, Qwest said in a statement.
The Qwest presidents who won’t have positions
with the merged company are: