DENVER, APRIL 4, 2005 ? Qwest Communications International, Inc. (NYSE:Q) announced that Thomas E. Richards has been appointed Executive Vice President, Business Markets Group, effective today. Richards will be based in Denver, reporting directly to Richard C. Notebaert, Qwest?s Chairman and CEO.
?Tom Richards is an outstanding leader who will be a tremendous asset to the Qwest team as we capitalize on the momentum in our business,? said Notebaert. ?I am confident that Tom?s extensive experience in the telecommunications industry will make him an ideal leader for Qwest?s Business Markets Group. During three decades of experience, Tom has acquired deep knowledge of key customer segments, from wireless to network services to the Internet, and he has managed integrated operations comprising tens of thousands of employees.?
In his new role, Richards will oversee the sales, marketing and delivery of telecommunications services to all of Qwest?s regional, national and global business customers. He will be replacing Clifford S. Holtz who is leaving the company to pursue other opportunities.
Of his new appointment, Richards said, ?I am looking forward to joining the Qwest team at this exciting time as we continue to build on a tradition of excellence in the Business Markets Group, and tackle new growth opportunities that will benefit customers.?
Richards joins Qwest with nearly 30 years of professional experience in the telecommunications industry, most recently with Clear Communications, an international supplier of optical and digital network management software where he served as President, CEO and Chairman of the board. Prior to joining Clear Communications, Richards spent 24 years at leading regional communications companies where he held management positions in operations, sales and marketing.
Richards received a BA in Economics from the University of Pittsburgh and a MS in Management from the Massachusetts Institute of Technology?s (MIT) Sloan School of Management as an Alfred P. Sloan Fellow.
?I would like to thank Cliff Holtz for his years of service at Qwest,? said Notebaert. ?Thanks to his leadership, I am confident that the team he has built is ready for the future.?
Qwest Communications International Inc. (NYSE: Q) is a leading provider of voice, video and data services. With more than 40,000 employees, Qwest is committed to the ?Spirit of Service? and providing world-class services that exceed customers? expectations for quality, value and reliability. For more information, please visit the Qwest Web site at www.qwest.com.
Forward Looking Statement Note
This release may contain projections and other forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by us with the Securities and Exchange Commission, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including but not limited to: access line losses due to increased competition, including from technology substitution of our access lines with wireless and cable alternatives; our substantial indebtedness, and our inability to complete any efforts to de-lever our balance sheet through asset sales or other transactions; any adverse outcome of the current investigation by the U.S. Attorney's office in Denver into certain matters relating to us; adverse results of increased review and scrutiny by regulatory authorities, media and others (including any internal analyses) of financial reporting issues and practices or otherwise; rapid and significant changes in technology and markets; any adverse developments in commercial disputes or legal proceedings, including any adverse outcome of current or future legal proceedings related to matters that are the subject of governmental investigations, and, to the extent not covered by insurance, if any, our inability to satisfy any resulting obligations from funds available to us, if any; potential fluctuations in quarterly results; volatility of our stock price; intense competition in the markets in which we compete including the likelihood of certain of our competitors consolidating with other providers or otherwise reorganizing their capital structure to more effectively compete against us; changes in demand for our products and services; acceleration of the deployment of advanced new services, such as broadband data, wireless and video services, which could require substantial expenditure of financial and other resources in excess of contemplated levels; higher than anticipated employee levels, capital expenditures and operating expenses; adverse changes in the regulatory or legislative environment affecting our business; changes in the outcome of future events from the assumed outcome included in our significant accounting policies; our ability to utilize net operating losses in projected amounts; our inability to provide any assurance as to whether we will be successful in our effort to acquire MCI, Inc.; and whether in the event of an acquisition we realize synergies in the amounts, at the times and at the related costs projected and whether regulatory approvals will be received within the timeframe projected and that such approvals will not be materially adverse to the projected operations of the combined company following the merger.
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