DENVER, Sept. 15, 2008 — Qwest Communications International Inc. (NYSE: Q) and its Board of Directors today announced that Joseph J. Euteneuer has been named executive vice president and chief financial officer. Euteneuer, 53, will report to Qwest Chairman and Chief Executive Officer Edward A. Mueller and will replace John W. Richardson, who is leaving the company.
“Joe’s deep understanding of the telecommunications, cable and media industries and his experience at XM – a company that transformed the radio industry – will serve Qwest well as we execute on our strategies for growth,” Mueller said. “He has a proven track record of building relationships with financial institutions, turning around and building businesses and demonstrating the utmost integrity. We are very excited to have Joe on the Qwest team.”
Euteneuer joins Qwest after having served as executive vice president and chief financial officer since 2002 for XM Satellite Radio Holdings Inc. Prior to joining XM, Euteneuer spent 15 years in various financial and operating executive positions at Comcast Corporation and held the role of executive vice president and chief financial officer for Comcast BroadNet Europe from 2000 to 2002.
Euteneuer’s tenure at XM included growing the company’s revenues from $20 million in 2002 to $1.14 billion in 2007. His capital markets experience includes raising approximately $5 billion in debt and equity and preparing XM for its merger with Sirius Satellite Radio. At Comcast BroadNet Europe, Euteneuer led the company’s joint venture and acquisition activities, directed the successful bids for broadband access licenses and established subsidiaries in 16 countries.
As CFO, Euteneuer is responsible for all of Qwest’s financial functions including accounting, treasury, investor relations, tax, audit, procurement and real estate, financial reporting and financial planning and analysis.
A native of Chicago, Euteneuer (pronounced yü’-ten-au?-er) holds a bachelor’s degree in accounting from Arizona State University and he is a Certified Public Accountant.
Euteneuer and his wife currently reside in Washington, D.C., but plan to relocate to the Denver area.
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Joseph J. Euteneuer, 53, most recently served as executive vice president and chief financial officer of XM Satellite Radio Holdings Inc., a position he held since joining the company in 2002. Prior to joining XM, Euteneuer served as executive vice president and chief financial officer for Comcast BroadNet Europe – Comcast’s international wireless broadband access division – from 2000 to 2002; as vice president and corporate controller for Comcast Corporation from 1993 to 2000; and director of corporate development for Comcast Corporation from 1988 to 1993. He began his career in public accounting in 1978 with Deloitte and has also worked at PricewaterhouseCoopers. A native of Chicago, he holds a bachelor’s degree in accounting from Arizona State University, and he is a certified public accountant.
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