CenturyLink CEO Glen Post III will officially retire on the day of the provider's 2018 annual shareholder meeting in May, setting the stage for Jeff Storey to take over seven months earlier than originally planned.
Storey, who currently is president and chief operating officer, will become president and CEO upon Post's retirement.
Previously, Post's last day was slated for Jan. 1, 2019. Post will remain on CenturyLink's board but will not be chairman to "ensure there is clarity that Jeff will be CenturyLink's new leader," he said in a statement.
For 26 of his 42 years at CenturyLink, Post has held the CEO title. Now that the Level 3 acquisition is complete and the service provider's own digital transformation -- and methods for leading customers into a world of automation, artificial intelligence and machine learning -- are well underway, Post said he's comfortable leaving CenturyLink. Under his tenure, CenturyLink's annual revenue grew to approximately $24 billion last year from $281 million in 1991, and total assets increased to more than $75 billion at year end 2017 versus almost $765 million in 1991.
"Retiring after so many years is bittersweet, but I leave the company in great hands and I am confident in our future," he said.
CenturyLink's success owes a lot to Post, said Storey.
Meet the New Boss
In two months, current president Jeff Storey will add CEO of CenturyLink to his responsibilities.
"His vision has equipped CenturyLink with the capabilities to meet the ever-increasing demand for bandwidth, provide the digitalization of life for our consumer customers and address the evolving complexity for our enterprise customers," he said.
Harvey Perry will remain as chairman of the board of directors. CenturyLink appointed Bruce Hanks as lead independent director.
Ex-pat Alison Diana finds some Brits focused on improving the country's pretty abysmal service since it's something they can control — unlike Brexit, Theresa May's future, Parliamentary games or anything else to do with the relationship between the EU and UK.
While Tier 1 carriers make up the vast majority of those deploying fiber to North American homes, other provider types are making their mark, RVA's study for Fiber Broadband Association finds.
Tier One ILECs primary providers for fiber deployment surge to North American homes, but
Wednesday, December 12, 2018 12 p.m. New York / 5 p.m. London
Alexa, What's This New Opportunity for Service Providers? (archive available soon)
Consumers are buying millions of IoT devices, from smart thermostats and security systems to intelligent entertainment setups and furniture. Yet many of these devices remain isolated because home users are uncomfortable connecting them to each other – or even their WiFi. After all, their WiFi network was probably designed only to handle a few laptops, a gaming system and a couple of smartphones. Now, demand on the network is surging and even though you're delivering 100 Mbps to 1 Gbps, that doesn't necessarily mean the broadband power is in the right place or reaches every corner of a home.
Even if WiFi coverage is sufficient, typing is not on trend. Voice is far more natural, easier and faster. Using a TV keyboard is archaic when more and more households have access to cloud-based voice services, like Amazon Alexa. This webinar will explore how service providers can create a comfortable, truly smart home for consumers – simultaneously driving up margin and loyalty.
Tune in to Broadband World News Radio on Thursday, November 1 at 8 a.m. PT, 11 a.m. ET, 3 p.m. UK as Ronan Kelly, CTO, EMEA & APAC Regions at ADTRAN, explores the five pillars of network integrity -- a topic he discussed during his recent Broadband World Forum keynote. Register now!