29.07.2008 20:10:00
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Qwest Announces Key Leadership Role
Qwest Communications International Inc. (NYSE: Q) and its Board of
Directors announced that, effective today, Thomas E. Richards, currently
executive vice president of Business Markets Group, will become chief
operating officer. Richards, who will continue to report to Qwest
Chairman and CEO Edward A. Mueller, will direct the daily operations of
Business Markets Group (BMG), Mass Markets Organization (MMO),
Wholesale, Network, Marketing, Product and IT.
"Tom is a proven, market-tested
telecommunications veteran who brought continued focus to our BMG
organization and achieved significantly improved results,”
Mueller said. "Building on that success, he
will focus intensely on the daily operations and continue to improve the
customer experience by aligning our key sales, network, product,
marketing and IT organizations. With our new business-segment reporting
structure and our focus on operating margin improvement and enhanced
free-cash flow, I am confident Tom’s
leadership will bring much to our seasoned team.”
Reporting to Richards will be the executive vice presidents of BMG, MMO,
Wholesale, Product/IT and Network. He will continue to oversee BMG until
a successor is named.
"I am pleased to assume this new and exciting
role,” Richards said. "As
Ed continues to drive the company’s strategies
for growth, I will devote my energies to implementing those strategies
throughout our sales, network, marketing, product and IT units. I look
forward to partnering with Ed and the other members of the senior
leadership team in this endeavor.”
Richards, who joined Qwest in 2005 as executive vice president of BMG,
has more than 30 years of experience in the telecommunications industry.
His telecom experience includes executive vice president of
communications and information products at Ameritech, where he was
responsible for network, wholesale, wireless, video, Internet, security
monitoring and more. Before moving to Qwest, he served as chairman, CEO
and president of Clear Communications, an international supplier of
optical and digital network management software. He also held key
executive positions at Bell Atlantic prior to joining Ameritech.
Richards holds a bachelor’s degree in
Economics from the University of Pittsburgh and a master’s
degree in Management from the Massachusetts Institute of Technology’s
(MIT) Sloan School of Management, where he was an Alfred P. Sloan
fellow. Richards and his wife live in Denver.
About Qwest
Qwest offers a powerful combination of award-winning broadband, video
and voice solutions for residential customers, businesses and government
agencies. Customers coast to coast turn to Qwest's industry-leading
national fiber optic network to meet their evolving communications and
entertainment needs. Qwest employees are the driving force behind the
company’s nationally recognized Spirit of
Service. Qwest is a participant in Networx, the largest communications
services contract in the world, to provide innovative voice, data and
video services. For more information on Qwest please visit www.qwest.com.
For information about the products and services Qwest is offering in the
Networx contract, visit www.gsanetworx.com.
Forward-Looking Statement Note
This release may contain projections and other forward-looking
statements that involve risks and uncertainties. These statements may
differ materially from actual future events or results. Readers are
referred to the documents filed by us with the Securities and Exchange
Commission, specifically the most recent reports which identify
important risk factors that could cause actual results to differ from
those contained in the forward-looking statements, including but not
limited to: access line losses due to increased competition, including
from technology substitution of our access lines with wireless and cable
alternatives, among others; our substantial indebtedness, and our
inability to complete any efforts to further de-lever our balance sheet;
adverse results of increased review and scrutiny by media and others
(including any internal analyses) of financial reporting issues and
practices or otherwise; rapid and significant changes in technology and
markets; any adverse developments in commercial disputes or legal
proceedings; potential fluctuations in quarterly results; volatility of
our stock price; intense competition in the markets in which we compete
including the effects of consolidation in our industry; changes in
demand for our products and services; acceleration of the deployment of
advanced new services, such as broadband data, wireless and video
services, which could require substantial expenditure of financial and
other resources in excess of contemplated levels; higher than
anticipated employee levels, capital expenditures and operating
expenses; adverse changes in the regulatory or legislative environment
affecting our business; changes in the outcome of future events from the
assumed outcome included in our significant accounting policies; and our
ability to utilize net operating losses in projected amounts.
The information contained in this release is a statement of Qwest’s
present intention, belief or expectation and is based upon, among other
things, the existing regulatory environment, industry conditions, market
conditions and prices, the economy in general and Qwest’s
assumptions. Qwest may change its intention, belief or expectation, at
any time and without notice, based upon any changes in such factors, in
Qwest’s assumptions or otherwise. The
cautionary statements contained or referred to in this release should be
considered in connection with any subsequent written or oral
forward-looking statements that Qwest or persons acting on its behalf
may issue. This release may include analysts’
estimates and other information prepared by third parties for which
Qwest assumes no responsibility.
Qwest undertakes no obligation to review or confirm analysts’
expectations or estimates or to release publicly any revisions to any
forward-looking statements and other statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
By including any information in this release, Qwest does not necessarily
acknowledge that disclosure of such information is required by
applicable law or that the information is material.
The marks that comprise the Qwest logo are registered trademarks of
Qwest Communications International Inc. in the U.S. and certain other
countries.
Attachment for biography Thomas E. Richards, 53, most recently was executive vice
president of Business Markets Group for Qwest, a position he held since
2005. Prior to that role, he was chairman, CEO and president of Clear
Communications and served in that role from 1999-2003. He served as
executive vice president of communications and information products and
as president of network services at Ameritech, where he worked from
1995-1999. Richards served in various executive and management roles at
Bell Atlantic from 1983-1995, and began his telecommunications career at
Bell of Pennsylvania in 1976. He has served on various board positions
and holds a bachelor’s degree in economics
from the University of Pittsburgh and a master’s
degree in management from the Massachusetts Institute of Technology’s
(MIT) Sloan School of Management, where he was an Alfred P. Sloan fellow.
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