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Tag Archives: glen post

Executive Mosaic’s Weekly GovCon Round-up: The Landscape of M&A in GovCon

Weekly Roundup September 11 – September 15 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This week, let’s take a look at the current landscape of mergers and acquisitions in the GovCon sector. Notable M&A activity includes: CenturyLink adjusting the closing date of its …

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CenturyLink Moves Closing Date for $34B Level 3 Acquisition to October

CenturyLink (NYSE: CTL) has pushed back the projected closing date for its pending $34 billion acquisition of Level 3 Communications (NYSE: LVLT) through a cash-and-stock transaction from Sept. 30 to mid-to-late October. The revised timeframe for the transaction’s intended closure was based on the California administrative law judge’s recommendation for the California Public Utilities …

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Level 3’s Jeff Storey to Succeed Glen Post as CenturyLink CEO in 2019

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 …

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Private Equity Consortium Wraps Up Purchase of CenturyLink’s Data Centers, Colocation Business

CenturyLink (NYSE: CTL) has finalized the sale of its colocation business and 54 data centers to a consortium led by private equity firms Medina Capital and BC Partners. CenturyLink said Tuesday it has secured net pre-tax proceeds valued at approximately $1.86 billion and assumed ownership of 10 percent minority stake in the newly created global security …

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Glen Post to Lead Senior Leadership Team of Future CenturyLink-Level 3 Combined Firm

CenturyLink (NYSE: CTL) has named the executives that will form the senior leadership team of the future combined company that will result from its planned $34 billion purchase of Level 3 Communications (NYSE: LVLT). Glen Post III, CEO and president of CenturyLink, will lead the team as part of the …

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Ross Garrity Set to Assume Global Markets Lead at CenturyLink

TYSONS CORNER, VA June 3, 2015 — GovCon Executive reported Tuesday on CenturyLink (NYSE: CTL) announcing the promotion of Ross Garrity to president of the company’s global markets group. CenturyLink said Tuesday Garrity, who assumes the post on an interim basis following the retirement of his predecessor Karen Puckett in …

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CenturyLink Adds DBaaS Via Cloud With Orchestrate Acquisition; Glen Post Comments

CenturyLink has acquired data services provider Orchestrate as part of efforts to incorporate the latter’s database-as-a-service tools and cloud-based NoSQL offering with the CenturyLink Cloud platform. CenturyLink said Monday the acquisition will also supplement its product development and technology team with Orchestrate’s data services team. “CenturyLink’s customers, like most enterprises, are expressing interest in solutions that …

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CenturyLink Opens New Tech Center of Excellence in Louisiana

TYSONS CORNER, VA March 26, 2015 — Executive Mosaic — ExecutiveBiz reported Wednesday on CenturyLink’s (NYSE: CTL) new technology center of excellence in Monroe, Louisiana, which began operations this week. According to Glen Post II, president and CEO of CenturyLink, the opening of the facility embodies the company’s business strategy of becoming …

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Jim Ousley Retiring As Savvis CEO; Glen Post Comments

Jim Ousley will be retire CEO of CenturyLink‘s Savvis subsidiary on April 1 and Jeff Von Deylen will assume Ousley’s role as senior leader of CenturyLink’s data hosting segment, comprising primarily of Savvis operations. Von Deylen, who joined Savvis in 2003 as chief financial officer and board member, will report …

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CenturyLink COO Karen Puckett to Lead Combined Net Services Sales, Operations Team; Glen Post Comments

CenturyLink (NYSE: CTL) has consolidated its network services business sales and operations teams into one organization, the company announced Thursday. The changes are effective immediately with team members of the new organization reporting to Karen Puckett, chief operating officer. “Karen will continue to retain all of her existing duties, including …

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