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Level 3 Appoints James O. Ellis, Jr., Chairman of the Board
BROOMFIELD, Colo., May 23, 2014 /PRNewswire/ -- Level 3 Communications, Inc. (NYSE: LVLT) announced the appointment of James O. Ellis, Jr., as Chairman of the Board at its Board of Directors Meeting on May 22, 2014. Ellis succeeds Walter Scott, Jr.
"Jim brings more than 40 years of experience in managing and leading complex, technology-focused organizations to this appointment," said Jeff Storey, president and chief executive officer at Level 3. "I'm excited to work with Jim in his role as Chairman and continue to grow the business."
"I am honored to be named Chairman of the Board and look forward to working closely with the Level 3 team as we continue to focus on innovation and profitable growth," Ellis said. "Level 3 is a global telecommunications leader that is committed to its future as the trusted connection to the networked world."
Ellis has been a member of the Board since March 2005. He also serves as chairman of the Board's Classified Business and Security Committee and is a member of the Nominating and Governance Committee. Since November 2013, he has served as an Annenberg Distinguished Visiting Fellow of the Hoover Institution at Stanford University. From May 2005 until May 2012, Ellis was the president and chief executive officer of the Institute of Nuclear Power Operations. Additionally, Ellis is a member of the Board of Directors of Lockheed Martin Corporation and Dominion Resources, Inc. He served on the Board of directors of Inmarsat PLC until March 2014.
Ellis is former commander of the United States Strategic Command at Offutt Air Force Base in Nebraska, where he had global responsibility for strategic warning systems, integrated missile defense, space operations and other critical national defense functions. Prior to that, he served as commander in chief of U.S. naval forces in Europe and as commander in chief of Allied forces in southern Europe. He is a graduate of the U.S. Naval Academy and holds master's degrees in aerospace engineering and aeronautical systems from the Georgia Institute of Technology and the University of West Florida, respectively. He retired with the rank of Admiral from the U.S. Navy after 35 years of service.
About Level 3 Communications
Level 3 Communications, Inc. (NYSE: LVLT) is a Fortune 500 company that provides local, national and global communications services to enterprise, government and carrier customers. Level 3's comprehensive portfolio of secure, managed solutions includes fiber and infrastructure solutions; IP-based voice and data communications; wide-area Ethernet services; video and content distribution; data center and cloud-based solutions. Level 3 serves customers in more than 500 markets in 55 countries over a global services platform anchored by owned fiber networks on three continents and connected by extensive undersea facilities. For more information, please visit www.level3.com or get to know us on Twitter, Facebook and LinkedIn.
Level 3 Communications, LLC. All Rights Reserved. Level 3, Level 3 Communications, Level (3) andthe Level 3 Logo are either registered service marks or service marks of Level 3 Communications, LLC and/or one of its Affiliates in the United States and/or other countries. Any other service names, product names, company names or logos included herein are the trademarks or service marks of their respective owners. Level 3 services are provided by subsidiaries of Level 3 Communications, Inc.
Website Access to Company Information
Level 3 maintains a corporate website at www.level3.com, and you can find additional information about the company through the Investors pages on that website at http://investors.level3.com/investor-relations/default.aspx.Level 3 uses its website as a channel of distribution of important information about the company. Level 3 routinely posts financial and other important information regarding the company and its business, financial condition and operations on the Investor Relations web pages.
Visitors to the Investors Relations web pages can view and print copies of Level 3's SEC filings, including periodic and current reports on Forms 10-K, 10-Q, 8-K, as soon as reasonably practicable after those filings are made with the SEC.
Copies of the charters for each of the Audit, Compensation and Nominating and Governance committees of Level 3's Board of Directors, its Corporate Governance Guidelines, Code of Ethics, press releases and analysts and investor conference presentations are all available through the Investor Relations web pages.
Please note that the information contained on any of Level 3's web sites is not incorporated by reference in, or considered to be a part of, any document unless expressly incorporated by reference in that document.
Some statements made in this press release are forward-looking in nature and are based on management's current expectations or beliefs. These forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. Important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to, the company's ability to: successfully integrate the Global Crossing acquisition or otherwise realize the anticipated benefits thereof; manage risks associated with continued uncertainty in the global economy; maintain and increase traffic on its network; develop and maintain effective business support systems; manage system and network failures or disruptions; avert the breach of its network and computer system security measures; develop new services that meet customer demands and generate acceptable margins; defend intellectual property and proprietary rights; manage the future expansion or adaptation of its network to remain competitive; manage continued or accelerated decreases in market pricing for communications services; obtain capacity for its network from other providers and interconnect its network with other networks on favorable terms; attract and retain qualified management and other personnel; successfully integrate future acquisitions; effectively manage political, legal, regulatory, foreign currency and other risks it is exposed to due to its substantial international operations; mitigate its exposure to contingent liabilities; and meet all of the terms and conditions of its debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
SOURCE Level 3 Communications, Inc.
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