Lumen adds ex-Cisco cybersecurity vet to bolster product development, appoints new CFO

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Lumen adds ex-Cisco cybersecurity vet to bolster product development, appoints new CFO

Lumen Technologies has appointed Martin Nystrom vice president of security development and Chris Stansbury chief financial officer.

Nystrom, a 20-year veteran of the cybersecurity industry, will oversee the lifecycle of all security-related products and services, and he will lead the Black Lotus Labs threat intelligence team.

“I’m inspired by Lumen’s Platform and singular ability to deliver security all the way to the network edge,” says Nystrom. “I’m proud to lead the team that will develop and deliver extraordinary security products to uniquely solve problems for Lumen’s business customers.”

Prior to joining Lumen, Nystrom spent 21 years at Cisco, where he began as a B2B cloud architect. He then developed Cisco’s web security principles, founded and built Cisco’s global SOC, and built and led the managed security practice. Most recently, he launched the industry’s first XDR capability – SecureX, which he oversaw as Cisco’s Head of Product.

Chris Stansbury appointed CFO

Stansbury most recently served as senior vice president and CFO of Arrow Electronics, Inc., where he was responsible for leading the company’s global finance organization and served as a member of the company’s executive committee.

“Chris is a tenured finance executive with an impressive track record of delivering growth and value creation in his prior roles,” says Jeff Storey, president and CEO of Lumen. “As we drive toward our goal of delivering profitable revenue growth and improving our revenue mix as a result of the expected closing of two significant divestitures later this year, it is a natural time for us to find the leader best positioned to achieve our goals. Chris’ leadership and financial acumen bring a unique skill set to our company as we scale the Lumen Platform and our Quantum Fiber build, both critical drivers of our return to growth. I would also like to thank Neel for his significant contributions through an important period in Lumen’s evolution.”

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