Lumen appoints Kate Johnson as President and CEO, effective Nov 7, 2022; Jeff Storey to retire

Lumen Technologies, Inc.

Kate Johnson succeeds Jeff Storey as President, CEO and Board member effective Nov 7, 2022.
Johnson previously President of Microsoft U.S. and served on UPS board.
Johnson receives $1.2M base salary, $2.4M target STI, $14.25M LTI, plus sign-on cash and equity awards totaling $2M.
Storey to serve as Senior Advisor through Dec 31, 2022, then retire; receives $20,000 artwork and extended COBRA.
Transition is result of multi-year planned succession per Board Chairman T. Michael Glenn.

item 5.02 item 9.01

Executive movements

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Appointed

Kate Johnson

President and Chief Executive Officer

LUMN · Lumen Technologies, Inc.

Effective: 2022-11-07
Filed: September 13, 2022, 7:59 PM ET

On September 13, 2022, Lumen Technologies, Inc. (the “Company”) announced that Kate Johnson would succeed Jeffrey K. Storey as President and Chief Executive Officer of the Company and its principal subsidiaries and as a director on the Company’s Board of Directors (the “Board”), expected to be effective as of November 7, 2022.

Role change

Jeffrey K. Storey

Senior Advisor to the Board and CEO

LUMN · Lumen Technologies, Inc.

Effective: 2022-11-07
Successor: Kate Johnson
Filed: September 13, 2022, 7:59 PM ET

Mr. Storey will resign as a member of the Board on the Transition Date, but will remain employed by the Company as its Senior Advisor to the Board and CEO from the Transition Date until December 31, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kate Johnson was appointed as President and Chief Executive Officer at Lumen Technologies, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On September 13, 2022, Lumen Technologies, Inc. (the “Company”) announced that Kate Johnson would succeed Jeffrey K. Storey as President and Chief Executive Officer of the Company and its principal subsidiaries and as a director on the Company’s Board of Directors (the “Board”), expected to be effective as of November 7, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Jeffrey K. Storey changed role as Senior Advisor to the Board and CEO at Lumen Technologies, Inc..

Action: role change
Role: Senior Advisor to the Board and CEO

Exact text from the filing

Mr. Storey will resign as a member of the Board on the Transition Date, but will remain employed by the Company as its Senior Advisor to the Board and CEO from the Transition Date until December 31, 2022

View on SEC.gov

Lumen Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-243230

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