As CenturyLink passes regulatory hurdles to acquire one of Colorado’s largest technology companies, the telecom said Friday that two of Level 3 Communications executives will .
Laurinda Pang, Level 3’s regional president for North America and Asia Pacific, will become CenturyLink’s executive vice president responsible for sales and enterprise service delivery in CenturyLink’s markets in the Asian Pacific, Europe, Middle East, Africa and Latin America. As previously announced, Sunit Patel, Level 3’s chief financial officer, will take on the same role at CenturyLink.
Jeff Storey will step down as Level 3’s CEO after the merger and join CenturyLink’s board of directors. CenturyLink CEO Glen Post will be CEO of the combined company. But further details of what will happen to the rest of Broomfield-based Level 3 were not provided.
Level 3 was on the Fortune 500 list, based on revenues last year. Level 3 was No. 333 on the list. CenturyLink was .
Shareholders from both companies , but there are other approvals needed from state, local and federal governments. The merger is expected to be completed by the end of September.
The combined company will be headquartered in Monroe, La., where CenturyLink is based. But both have a substantial number of employees in Colorado. CenturyLink employs 4,600 of its 40,000 workers here, while Level 3 employs about 4,000 of its 12,600 people in Colorado.
