Qwest CEO, Richard Notebaert, Announces Retirement

Press Release - June 12, 2007

Richard Notebaert, the CEO and Chairman of Qwest Communications, announced yesterday that he plans to retire from his position, effective as soon as a successor can be selected.

Notebaert took the reigns at the embattled Qwest five years ago, after former CEO, Joseph Nacchio, was fired due to allegations of insider trading activity. In his term as Chief Executive, Notebaert has guided the embattled telecom operator back to stability, helping it to generate its first ever year-end profit in 2006.

“I am extremely proud of our accomplishments during the past five years and have full confidence in the leadership at Qwest,” Notebaert said in a company statement. “The time has come for me to spend more time with family and focus on other commitments.”

Notebaert’s retirement will not result in any strategic or operational changes, the company said. No specific timetable has been set for selecting a new CEO and Chairman.