CenturyLink, Inc. (NYSE:CTL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b), (c) On March27, 2018, David D. Cole, Executive Vice President and Controller of CenturyLink, Inc. (the “Company”), informed the Company of his decision to step down from those positions effective April8, 2018. Mr.Cole, age 60, has agreed to continue to provide services to the Company in a part-time, non-officer role following that date in order to assist with the transition.
Mr.Cole serves as the Company’s principal accounting officer and the Company intends to conduct a formal search for his replacement. The Company has appointed Eric J. Mortensen as interim controller (and interim principal accounting officer) effective upon Mr.Cole’s departure on April8, 2018. Mr.Mortensen, age 59, served as Senior Vice President and Controller of Level3 Communications, Inc. (“Level3”) from 2003 until the combination of Level3 and the Company on November1, 2017. Prior to then, Mr.Mortensen served as Vice President and Controller of Level3 from 1999-2003, and as Controller of Level3 from 1997-1999. Since the combination of Level3 and the Company on November 1, 2017, Mr.Mortensen has assisted the Company at a senior level in integrating the accounting practices of the two companies.
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About CenturyLink, Inc. (NYSE:CTL)
CenturyLink, Inc. is a United States-based integrated communications company, which is engaged in providing a range of communications services to its residential and business customers. The Company operates through two segments: Business, which includes provision of strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and Consumer, which includes provision of strategic and legacy products and services to residential customers. The Business segment includes strategic products and services, such as Ethernet, colocation, hosting and broadband; legacy services, such as local and long-distance voice, and data integration offerings, which include sale of telecommunications equipment located on customers’ premises. The Consumer segment includes strategic products and services, such as broadband and video, and legacy services, such as local and long-distance voice.
