Chris Stansbury, a former Arrow Electronics government, has been chosen as chief economical officer of Lumen Systems.
In his new role, productive April 4th, Stansbury will oversee and immediate Lumen’s belongings and economical functions, the Monroe, Louisiana-based information know-how company mentioned Monday.
Jeff Storey, president and CEO of Lumen, shared that Stansbury will support to broaden the company’s income and push progress just after the corporation has not too long ago closed two noteworthy divestitures.
“It is a natural time for us to locate the leader greatest positioned to obtain our plans. Chris’ leadership and monetary acumen deliver a special ability established to our organization as we scale the Lumen Platform and our Quantum Fiber create, equally important drivers of our return to development,” Storey additional.
At Lumen, Stansbury will leverage about three a long time of encounter in senior-stage finance roles at huge corporations. He invested almost 20 several years of this time doing the job for beverage businesses, with almost six many years at Seagram, wherever his time culminated as revenue finance director of Tropicana products and solutions.
Stansbury then labored at PepsiCo and subsequently transitioned to the IT industry with four yrs at Hewlett Packard. In the latter organization, he rose the ranks from vice president of finance in the PSG finance all over the world operations division to CFO of the company’s global networking business enterprise. He was in cost of the branch’s preparing, forecasting and reporting, as well as a participant in expense method.
Prior to coming to Lumen, Stansbury was senior vice president and chief money officer of Arrow Electronics, a company focused on rising systems and layout engineering, between other companies.
“This is an critical time in Lumen’s transformation, and I search ahead to keep on setting up on the terrific get the job done the team has underway,” remarked Stansbury. “Lumen has a solid economical foundation and considerable prospects for benefit creation.”
Stansbury succeeds Neel Dev in the new posture.
