Level 3 Communications named Jeff K. Storey as its new president and CEO effective immediately, replacing James Q. Crowe.
Storey joined Level 3 in 2008 as the company's president and chief operating officer. Prior to joining Level 3, Storey served as president of Leucadia Telecommunications Group where he was responsible for investments and operations across various industries. Before Leucadia, Storey served as president and chief executive officer of WilTel Communications. Prior to that, he was a senior executive at Cox Communications, where he was one of the founding members of Cox Business Services. Storey began his career in telecommunications with Southwestern Bell Telephone.
"Jim Crowe created a bold vision for our company over 15 years ago, and I want to thank him on behalf of the Level 3 Board of Directors for his extraordinary contribution," said Walter Scott, Jr., chairman of the Board of Directors of Level 3. "He envisioned a new kind of communications company, and he built it from the ground up. I think it's no exaggeration to say that he helped transform the communications industry."
Jim Crowe also confirmed that he will not stand for reelection to the company's Board of Directors at the company's 2013 Annual Meeting.
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