Fortune 500 execs
joining Qwest board; another quits
By The Denver Post
Friday, September 16, 2005
Qwest bolstered its board of directors Thursday by adding two Fortune 500 heavy hitters: Wayne Murdy, chief executive of Denver-based Newmont Mining, and James Unruh, former CEO and chairman of Unisys Corp., based in Blue Bell, Pa.
Patrick Martin, CEO of Louisville-based StorageTek, will also join the company's board in October, according to an announcement last week.
Meanwhile, Vinod Khosla, a general partner of Silicon Valley venture firm Kleiner Perkins Caufield & Byers, stepped down from Qwest's board. He had served since 1998.
Qwest's board has changed drastically over the last several months. Anschutz Investment Co. president Craig Slater announced in April he would not run for re-election, while U.S. Chamber of Commerce chief executive Thomas Donohue stepped down last month.
The reshuffle will bring Qwest's total board members to 11. Murdy is also a director of TransMontaigne, while Unruh serves on the board of Prudential Financial and Tenet Healthcare.
Unruh is also founder of Alerion Capital, a private equity firm in Scottsdale, Ariz.