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Embarq Promotes Its Top Lawyer to CEO

Embarq Corp. (NYSE: EQ)'s board of directors has officially appointed Tom Gerke as CEO effective immediately. Gerke had been interim CEO since Dec. 18 when Dan Hesse left the company to take the top job at Sprint Corp. (NYSE: S). (See Embarq CEO Resigns to Run Sprint.)

Prior to being CEO, Gerke was Embarq's general counsel and had also been running its wholesale business unit since January 2007. He officially takes over the company during a time where it has seen its revenues and subscribers decline from increased wireless and cable competition pressures.

The appointment of Gerke does not come as a surprise as he was considered a strong candidate for the job since being appointed interim CEO. He has held a number of positions at the company dating back to its Sprint days when he was a senior vice president.

Embarq has not identified any other candidates that were considered for the position and has maintained that Gerke was the front-runner all along.

— Raymond McConville, Reporter, Light Reading

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