CenturyLink's Savvis CEO Will Retire

By Eric Volkman – Mar 21, 2013 at 6:03PM

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The telecoms conglomerate will say goodbye to the chief of one of its major units.

The CEO of key CenturyLink (LUMN -6.20%) subsidiary Savvis will retire. CenturyLink announced that Jim Ousley is to depart the company, effective April 1. Taking the reins at the IT infrastructure solutions unit will be its current President, Jeff Von Deylen.

Ousley had been in the CEO seat since March 2010. He joined the then-independent Savvis in 2002 as a board member, later advancing to non-executive chairman in 2006.

Von Deylen has occupied his current position since last November. He joined Savvis in 2003 as chief financial officer. He also served as a board member of the firm.

Fool contributor Eric Volkman has no position in CenturyLink. The Motley Fool has no position in CenturyLink. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.