Leadership & Pay ·
Lumen consolidates executive severance plans and amends CEO Kate Johnson's agreement
LUMNLumen Technologies, Inc.
Lumen Technologies amended its Lumen Executive Severance Plan to remove the CEO and other named executives as participants, terminating their individual change of control agreements. The company adopted a new consolidated plan preserving substantially similar benefits for non-change-in-control terminations. Concurrently, an amended agreement with CEO Kate Johnson was executed, maintaining her enhanced severance terms, including 104 weeks of base salary for standard termination and 2.5 times salary plus bonus for change-of-control scenarios. The changes streamline administration without materially altering benefit levels. Lumen Technologies operates in the telecommunications industry, providing broadband, fiber, and managed network services.