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Reinventing the Telecom Industry
Kate Johnson, CEO of Lumen Technologies, discusses the challenges and opportunities in the telecom industry, the need for business model reinvention, and efforts to change Lumen's culture.
Kate Johnson is based in Denver in her role as Lumen Technologies CEO and president, but she has been spending a lot of time in the Seattle area recently, and not just because one of the local stadiums bears the company's name.
Johnson sees the Seattle region an ideal test bed and proving ground for Lumen's offerings, including consumer and business broadband, voice, and data services.
Yes, it helps that she has a home here, as a holdover from her prior role as Microsoft's U.S. president. But beyond that, she cites the region's importance as a major U.S. tech hub, the home of the biggest cloud platforms, a strong community of tech companies, and tech-savvy families who understand the appeal of fiber internet service.
"The market is growing, and we are well-positioned to serve it," she said. "I've been spending time making sure we're making the appropriate investments, that I'm understanding our opportunities, and that we're capitalizing on them."
It's part of a broader effort by Johnson and her team to reinvent the publicly traded telecommunications company, which was formed by the combination of Level 3 Communications and CenturyLink in 2017 and rebranded as Lumen in 2020. Johnson was named Lumen CEO a year ago and took over the role in November 2022.
Educated as an engineer, with past experience at companies including Oracle, Red Hat, and Deloitte, Johnson is one of 53 female CEOs of Fortune 500 companies. She is charged with sparking new growth at a company that reported a net loss of $1.5 billion last year, after special charges, on revenue of $17.5 billion, down 11% year-over-year.
In a recent podcast interview at Seattle's Lumen Field, she discussed topics including:
Audio editing by Curt Milton. Hosted by Todd Bishop.
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