Qwest CFO Shaffer to leave
By The Associated Press
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
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
"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
"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