- New Leadership Team to Be in Effect after Transaction
Close
BROOMFIELD, Colorado,
July 22, 2014 /PRNewswire/ -- Level 3
Communications, Inc. (NYSE: LVLT) today announced its planned
executive management team pending its announced acquisition of tw
telecom. The new team will include executives from both Level 3 and
tw telecom, establishing a strong foundation for the company moving
forward – one that capitalizes on a solid customer orientation and
focus on business growth.
Following the close of the acquisition, the Level 3 executive
management team will include:
- Jeff Storey, president and chief
executive officer
- John Blount, regional president,
North America and Asia Pacific (APAC)
- Andrew Crouch, regional
president, Europe, Middle East and Africa (EMEA) and global accounts management
(GAM) division
- Hector Alonso, regional
president, Latin America
- Anthony Christie, chief
marketing officer
- Jack Waters, chief technology
officer
- Harold Teets, chief information
officer
- Sunit Patel, executive vice
president and chief financial officer
- Laurinda Pang, executive vice
president and chief administrative officer
- John Ryan, executive vice
president, chief legal officer and secretary
"The expanded Level 3 executive management team includes a
committed group of leaders with the collective expertise to build
the combined company and continue to grow our business,
particularly in the enterprise market," said Jeff Storey, president and CEO of Level 3. "I
look forward to welcoming John and Harold from tw telecom – their
combined experience and insights will be invaluable in capitalizing
on our strengths and improving the customer experience. Similarly,
as Andrew moves into a new role within Level 3, he will remain
critical to our ongoing success and opportunities to continue
satisfying our customers around the world."
The acquisition of tw telecom is expected to close in the fourth
quarter 2014.
Executive Background
John Blount will become regional
president, North America and APAC.
John currently serves as the president and COO of tw telecom where
he has been instrumental in the company's growth and market
expansion throughout the United
States. John has worked for tw telecom for 18 years and
during his tenure has been recognized for his leadership in product
innovation and creating an excellent customer experience. John will
be key in continuing to drive business growth and streamline
operations across both North
America and APAC. He will also continue in his role as the
integration team leader for tw telecom.
Andrew Crouch, currently the
regional president, North America
and APAC for Level 3, will become the regional president, EMEA and
GAM division. Andrew has been successfully driving revenue growth
in North America during the past
two years. The EMEA region continues to present significant
opportunity for Level 3 and under Andrew's leadership, the company
will be well positioned to capitalize on this growth potential.
Andrew will also have direct responsibility for the Level 3 GAM
division, which includes sales and support across all regions for
enterprise and carrier customers in the global accounts program.
Andrew joined Level 3 in 2001, bringing deep company knowledge and
industry experience to this role, which will be critical for Level
3 to achieve global business growth and increase cross-regional
collaboration.
Harold Teets will become chief
information officer. Harold currently serves as senior vice
president of Information and Network Technologies for tw telecom.
He will have responsibility for the global IT organization and its
critical role in helping Level 3 to continue simplifying its
operating environment and collaborating with marketing and network
technology to innovate new capabilities to support customers'
network and services needs. Harold also will focus on enabling
Level 3 to achieve operational excellence and organizational
efficiency with the goal to continually improve the overall
customer experience. tw telecom is consistently recognized as an
industry leader in these areas and Harold will bring this knowledge
and more than 35 years of experience to Level 3.
Core North America Locations
Following the close of the acquisition, Level 3 plans to expand
its core locations in North
America to include tw telecom's current locations in
Littleton, Colo., as well as its
operations center in O'Fallon, Mo. In addition to its Broomfield headquarters, Level 3 currently has
core locations in North America in
Atlanta, Phoenix and Tulsa,
Okla.
About Level 3 Communications
Level 3 Communications, Inc. (NYSE: LVLT) is a Fortune 500
company that provides local, national and global communications
services to enterprise, government and carrier customers. Level 3's
comprehensive portfolio of secure, managed solutions includes fiber
and infrastructure solutions; IP-based voice and data
communications; wide-area Ethernet services; video and content
distribution; data center and cloud-based solutions. Level 3 serves
customers in more than 500 markets in over 60 countries over a
global services platform anchored by owned fiber networks on three
continents and connected by extensive undersea facilities. For more
information, please visit www.level3.com or get to know us on
Twitter, Facebook and LinkedIn.
© Level 3 Communications, LLC. All Rights Reserved. Level 3,
Level 3 Communications, Level (3) and the Level 3 Logo are either
registered service marks or service marks of Level 3
Communications, LLC and/or one of its Affiliates in the United States and/or other countries. Any
other service names, product names, company names or logos included
herein are the trademarks or service marks of their respective
owners. Level 3 services are provided by subsidiaries of Level 3
Communications, Inc.
Forward-Looking Statement
Some statements made in this press release are
forward-looking in nature and are based on management's current
expectations or beliefs. These forward-looking statements are not a
guarantee of performance and are subject to a number of
uncertainties and other factors, many of which are outside Level
3's control, which could cause actual events to differ materially
from those expressed or implied by the statements. Important
factors that could prevent Level 3 from achieving its stated goals
include, but are not limited to, the company's ability to:
successfully integrate the Global Crossing acquisition or otherwise
realize the anticipated benefits thereof; manage risks associated
with continued uncertainty in the global economy; maintain and
increase traffic on its network; develop and maintain effective
business support systems; manage system and network failures or
disruptions; avert the breach of its network and computer system
security measures; develop new services that meet customer demands
and generate acceptable margins; defend intellectual property and
proprietary rights; manage the future expansion or adaptation of
its network to remain competitive; manage continued or accelerated
decreases in market pricing for communications services; obtain
capacity for its network from other providers and interconnect its
network with other networks on favorable terms; attract and retain
qualified management and other personnel; successfully integrate
future acquisitions; effectively manage political, legal,
regulatory, foreign currency and other risks it is exposed to due
to its substantial international operations; mitigate its exposure
to contingent liabilities; and meet all of the terms and conditions
of its debt obligations. Additional information concerning these
and other important factors can be found within Level 3's filings
with the Securities and Exchange Commission. Statements in this
press release should be evaluated in light of these important
factors. Level 3 is under no obligation to, and expressly disclaims
any such obligation to, update or alter its forward-looking
statements, whether as a result of new information, future events,
or otherwise.
Contact
Information
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Media:
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Investors:
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Kimmie
Greene
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Mark
Stoutenberg
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+1
720-888-7877
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+1
720-888-2518
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kimmie.greene@level3.com
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mark.stoutenberg@level3.com
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