Jeff Storey, president and CEO of Broomfield, Colorado-based Level 3 Communications (NYSE: LVLT), will serve as president, chief operating officer and board member at CenturyLink (NYSE: CTL) once the Monroe, Louisiana-based telecommunications firm completes its planned $34 billion acquisition of Level 3.
Storey will succeed CenturyLink CEO Glen Post, who will continue to serve as executive chairman of the board, on Jan. 1, 2019, CenturyLink said Thursday.
“Jeff shares my focus on continuing to invest in our network, products and services to meet our customers’ needs,” said Post, who has been CenturyLink’s CEO for more than two decades.
“I look forward to continuing to work closely with Jeff to shape the future of the combined company,” he added.
The companies originally announced their planned merger in October 2016 and expect to complete the transaction by the end of September.
Other executives who will directly report to Post upon the deal’s closure include Stacey Goff, CenturyLink’s executive vice president, general counsel and chief administrative officer; Sunit Patel, EVP and chief financial officer at Level 3; and Scott Trezise, EVP of human resources at CenturyLink.
Harvey Perry, vice chairman of the board of CenturyLink, succeeded William Owens as board chairman following the latter’s retirement on May 24.
W. Bruce Hanks, a board member at CenturyLink, has been appointed vice chairman of the board of directors.
The succession plan came a month after CenturyLink named Post as head of the senior leadership team of the future combined company.