Douglas C. Eby and Michael J. Mahoney Named to Level 3 Board of Directors
Level 3 Communications, Inc. (NASDAQ:LVLT) today announced that Douglas C. Eby and Michael J. Mahoney have been elected to the company’s Board of Directors effective August 16, 2007.
Eby, 48, is chairman and CEO of TimePartners LLC, an investment advisory firm. He also serves as president of Torray LLC, an independent money management firm. Eby sits on the Boards of Directors of Markel Corporation, CBRE Realty Finance, Inc. and Suburban Healthcare System.
Mahoney, 57, was most recently the president and CEO of Commonwealth Telephone Enterprises. A telecommunications industry veteran, he was also president and COO of RCN Corporation, president and COO of C-TEC Corporation, and executive vice president and general manager of C-TEC Cable Systems. Mahoney sits on the Board of Trustees of Wilkes University.
“We are pleased to welcome Doug Eby and Mike Mahoney to the Level 3 board,” said Walter Scott Jr., chairman of Level 3. “Both men have built long and distinguished careers in their respective fields. Doug is highly regarded in the financial community and we expect to benefit from his knowledge and insight to the financial markets. Mike has broad experience and knowledge of the telecommunications industry, and he will bring a valuable perspective to the company.”
Both Eby’s and Mahoney’s Level 3 board terms will expire at the Annual Meeting of Stockholders in 2008. With these additions, the Level 3 board will have 11 directors.
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