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CenturyTel announces resignation of CEO
CenturyTel Inc. has announced that Kenneth R. Cole resigned his
position as the company's executive vice president and chief operating
officer. Cole has accepted the position of president and chief operating
officer of Valor Communications, L.L.C.
"We will move quickly to select a highly qualified candidate to fill
the chief operating officer position," said Glen F. Post, III, president and
chief executive officer of CenturyTel. "We wish Ken the best of luck in his
future endeavors. Until a replacement has been selected, I will perform the
functions of chief operating officer as CenturyTel continues to implement
its strategy to become the leading telecommunications service provider
in rural America."
CenturyTel is the seventh largest local exchange telephone
company, based on access lines, and the ninth largest cellular company, based
on population equivalents owned in the United States.