AUSWR
The Association of U S West Retirees
 

 

 

Qwest CFO Shaffer to leave
By The Associated Press
Denver Post
Wednesday, February 28, 2007

Denver-based phone company Qwest Communications International Inc. announced today that vice chairman and Chief Financial Officer Oren G. Shaffer would step down from his posts effective April 1.

A statement from the company indicated Qwest's controller and senior vice president of finance, John W. Richardson, would take over as CFO and executive vice president.

Shaffer, 64, had served in his current roles since July 2002, after working with such companies including Goodyear, Ameritech and Sorrento Networks.

"I am extremely proud of our accomplishments during the past five years and especially of Oren's contributions," Richard C. Notebaert, Qwest's chairman and chief executive officer, said in the statement.

"We are very fortunate to have had him come out of retirement almost five years ago and join the Qwest team in its successful pursuit of sustained profitability."

Neither Qwest nor Shaffer gave a specific reason for his retirement.

"We have superb assets, a powerful position nationally and in our 14-state region, a solid customer base, a very involved chairman and CEO, and a talented and customer-focused work force," Shaffer said in the statement.

Richardson, 61, was named chief accounting officer in April 2004, and has served as controller and senior vice president since April 2003.

Qwest and its board also announced that R. William Johnston, 52, would succeed Richardson as controller.

Qwest is the primary telephone service provider in 14 mostly Western states.

http://www.denverpost.com/ci_5321547?source=rss