A top telecom veteran has been named CEO of struggling Qwest. Edward Mueller, 60-year-old former chief executive of Ameritech and Williams-Sonoma, takes the reins from Dick Notebaert, who ran the company for five years, the Wall Street Journal reports. The country's fourth-largest telephone company, Qwest faces increased pressure from competitors as it struggles to emerge from an accounting scandal.
Qwest stock plummeted after allegations of improper accounting procedures in 2002, and the CEO at the time was recently jailed for insider trading. Mueller declined to specify any changes he has in mind. "Any time new fresh eyes come on the scene you can evaluate everything," Mueller said.