Level 3 Announces Board of Directors Appointment
Level 3 Communications, Inc. today announced Rahul N. Merchant has been appointed to its board of directors effective Oct. 1, 2009.
Merchant currently is a partner with private equity firm Exigen Capital. Merchant previously served as executive vice president, chief information officer and member of the executive committee of Fannie Mae in Washington from 2006 until 2008. At Fannie Mae, Merchant led the technology and operations groups. Prior to Fannie Mae, Merchant was a senior vice president and chief technology officer for Merrill Lynch & Co., in New York from 2000 until 2006. Merchant has almost 30 years of experience in the information technology industry and is also a member of the board of Sun Microsystems, Inc.
“Our chairman Walter Scott and I are pleased to welcome Rahul to the Level 3 board,” said Jim Crowe, CEO for Level 3. “His extensive knowledge and experience in the development and management of complex processes, financial services and information technology systems will be a tremendous asset to Level 3 as we focus on further improving our customer experience.”
About Level 3 Communications
Level 3 Communications, Inc. (NASDAQ: LVLT) is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver services with an industry-leading combination of scalability and value over an end-to-end fiber network. Level 3 offers a portfolio of metro and long-haul services, including transport, data, Internet, content delivery and voice. For more information, visit www.Level3.com.
Forward-Looking Statement
Some of the statements made in this press release are forward looking in nature. These statements 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. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to, the current uncertainty in the global financial markets and the global economy; disruptions in the financial markets that could affect Level 3’s ability to obtain additional financing; as well as the company’s ability to: successfully integrate acquisitions; increase the volume of traffic on the network; defend intellectual property and proprietary rights; develop effective business support systems; manage system and network failures or disruptions; develop new services that meet customer demands and generate acceptable margins; attract and retain qualified management and other personnel; and meet all of the terms and conditions of 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.