Chris Stansbury, a former Arrow Electronics government, has been selected as main monetary officer of Lumen Systems.
In his new purpose, successful April 4th, Stansbury will oversee and direct Lumen’s assets and financial operations, the Monroe, Louisiana-centered info technology business stated Monday.
Jeff Storey, president and CEO of Lumen, shared that Stansbury will enable to increase the company’s earnings and travel progress after the company has lately shut two noteworthy divestitures.
“It is a natural time for us to find the leader very best positioned to attain our ambitions. Chris’ management and fiscal acumen bring a exceptional talent set to our organization as we scale the Lumen Platform and our Quantum Fiber make, each critical motorists of our return to advancement,” Storey additional.
At Lumen, Stansbury will leverage around three a long time of experience in senior-level finance roles at massive corporations. He used just about 20 several years of this time operating for beverage businesses, with pretty much 6 decades at Seagram, exactly where his time culminated as income finance director of Tropicana solutions.
Stansbury then labored at PepsiCo and subsequently transitioned to the IT sector with four years at Hewlett Packard. In the latter corporation, he rose the ranks from vice president of finance in the PSG finance around the world operations division to CFO of the company’s international networking enterprise. He was in demand of the branch’s planning, forecasting and reporting, as nicely as a participant in investment method.
Prior to coming to Lumen, Stansbury was senior vice president and main financial officer of Arrow Electronics, a enterprise centered on rising systems and structure engineering, among the other solutions.
“This is an critical time in Lumen’s transformation, and I look ahead to continue creating on the wonderful perform the team has underway,” remarked Stansbury. “Lumen has a robust economical foundation and considerable alternatives for benefit generation.”
Stansbury succeeds Neel Dev in the new position.