members on Qwest board
The appointments may be a stab at enhancing the telecom's
credibility, an analyst says.
By Beth Potter, Staff Writer
Friday, December 16, 2005
Qwest has named two new board members who have strong ties
to the state.
Caroline "Caz" Matthews, president of Blue Cross and Blue
Shield of Georgia, and R. David Hoover, chairman, president
and chief executive of Broomfield's Ball Corp., were
approved Thursday, said Qwest chairman and CEO Richard
"In one sense, it's a tragedy that we've lost board members
like (University of Colorado interim president) Hank Brown,
who is outstanding," Notebaert said. "But since I've been
here, the board had worked tirelessly. We could not have
done what we've done without the support of the board."
In the last 18 months, five members of the Denver-based
phone company's board have left, and their replacements have
been high-profile Denver executives such as Newmont Mining's
Wayne Murdy, Prologis' K. Dane Brooksher and Storage Tek's
The board now has 13 members.
Qwest stock recently rose above $5 after years in the
doldrums following an accounting scandal that resulted in
the board's ousting former chief executive Joe Nacchio in
June 2002. The company under Notebaert was forced to
restate $2.5 billion in revenue.
Adding two new members may help Qwest, said Nell Minow,
editor of The Corporate Library, which rates boards of
directors of companies nationally and gives Qwest an F for
"I think they recognize that they are in desperate need of a
credibility enhancer, and whether they've done it or not
with these appointments, it's hard to say," Minow said.
Matthews headed Anthem Blue Cross and Blue Shield's West
region in Denver before moving to Georgia and received
several business awards in Colorado.
Hoover has worked at Ball since 1970 and is a member of the
University of Colorado at Denver business school's board of
Of the current Qwest board, five remain from the days of
Nacchio: Philip Anschutz, founder of Qwest; Linda
Alvarado, a Denver construction company owner; Cannon
Harvey, president of the Anschutz Co. and Anschutz Corp.;
Peter Hellman, chief executive of Nordson Corp., an
industrial manufacturer; and Frank Popoff, former chairman
of Dow Chemical Co.
Staff writer Beth Potter
can be reached at 303-820-1503 or