DENVER BUSINESS JOURNAL - On Jan. 1, 2019, Level 3 Communications Inc. CEO Jeff Storey will have a new job: He's expected to become CEO of CenturyLink Inc.
On Thursday, CenturyLink (NYSE: CTL) announced that Storey, who will become president and chief operating officer of the Louisiana company after its $24 billion acquisition of Broomfield-based Level 3 (NYSE: LVLT) is complete, will succeed CEO Glen Post III.
"I am confident in the strength of our position, the scope of our opportunity and Jeff's ability to lead our company forward – first as president and COO and then as CEO," Post said in a statement. Storey will also join CenturyLink's board after the deal closes.
Last October, CenturyLink said it's buying Level 3, saying it will be headquartered in Monroe, Louisiana, but will maintain a significant presence in Colorado and the Denver metro area. The deal is expected to close by Sept. 30.
Read more at the Denver Business Journal:http://bizj.us/1p73vh
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