Chris Stansbury, a former Arrow Electronics govt, has been picked as main economical officer of Lumen Systems.
In his new job, efficient April 4th, Stansbury will oversee and immediate Lumen’s belongings and financial operations, the Monroe, Louisiana-dependent facts technologies organization explained Monday.
Jeff Storey, president and CEO of Lumen, shared that Stansbury will enable to expand the company’s revenue and generate advancement right after the corporation has lately closed two noteworthy divestitures.
“It is a organic time for us to come across the leader greatest positioned to accomplish our aims. Chris’ leadership and financial acumen provide a unique ability set to our organization as we scale the Lumen System and our Quantum Fiber make, both equally important motorists of our return to advancement,” Storey added.
At Lumen, Stansbury will leverage about 3 decades of knowledge in senior-stage finance roles at significant corporations. He used virtually 20 years of this time doing work for beverage providers, with just about 6 yrs at Seagram, in which his time culminated as profits finance director of Tropicana products and solutions.
Stansbury then worked at PepsiCo and subsequently transitioned to the IT field with four years at Hewlett Packard. In the latter firm, he rose the ranks from vice president of finance in the PSG finance around the world functions division to CFO of the company’s world-wide networking company. He was in cost of the branch’s organizing, forecasting and reporting, as properly as a participant in expense system.
Prior to coming to Lumen, Stansbury was senior vice president and chief economical officer of Arrow Electronics, a business centered on emerging systems and style and design engineering, amongst other providers.
“This is an vital time in Lumen’s transformation, and I search ahead to carry on making on the wonderful do the job the crew has underway,” remarked Stansbury. “Lumen has a powerful economic foundation and sizeable options for benefit creation.”
Stansbury succeeds Neel Dev in the new position.