JAMES OSTERHOFF TO BECOME CHIEF FINANCIAL OFFICER OF US WEST; HOWARD DOERR WILL RETIRE DEC. 30
JAMES OSTERHOFF TO BECOME CHIEF FINANCIAL OFFICER OF US WEST;
HOWARD DOERR WILL RETIRE DEC. 30
ENGLEWOOD, Colo., Nov. 6 /PRNewswire/ -- U S WEST Inc. (NYSE: USW) said today that James M. Osterhoff will become executive vice president and the company's chief financial officer, effective Dec. 6.
He will replace Howard P. Doerr, who will relinquish his post as chief financial officer on Dec. 6, but remain as executive vice president until his retirement on Dec. 30.
Osterhoff, 55, was vice president-Finance and chief financial officer of Digital Equipment Corp., a position he held from 1985 until recently. Prior to joining Digital Equipment, Osterhoff spent 20 years at Ford Motor Co., where he held various financial assignments, including key leadership responsibilities in Ford's automotive, credit, tractor and corporate staff activities.
"U S WEST is fortunate to have a financial executive of Jim Osterhoff's stature and reputation become part of our top leadership team," said Dick McCormick, U S WEST president and chief executive officer. "We're anxious to put his skills and talents to work."
Osterhoff, a native of Frankfort, Ind., graduated from Purdue University in 1958 with a degree in Mechanical Engineering. He received an MBA from Stanford University in 1963. He served in the U.S. Navy from 1958-61.
Osterhoff is a director of Arkwright Mutual Insurance and GenCorp.
He and his wife Marilyn are the parents of three daughters.
Doerr, 62, was named U S WEST's chief financial officer in November 1982, and was one of the first key officers of the newly formed company.
"I can't say enough for the role Howard Doerr played in making U S WEST the successful company it is," McCormick said. "Jim Osterhoff will find a solid financial foundation in place and a team of highly skilled and talented people when he arrives. That's a credit to Howard's hard work and foresight. We wish him and his family the best. We'll miss him."
Doerr said his decision to retire has been made for some time, because he wants to take advantage of his good health to spend time traveling and visiting with his three children and eight grandchildren. "My wife and I look forward to continuing our association with the fine people of U S WEST. We have a lifetime of good memories," he said.
Doerr joined Northwestern Bell in 1950 as a management trainee in Omaha. He worked in a variety of assignments before being named vice president and general manager of the company's Nebraska operations in 1969. In 1972, he became vice president-Revenues and was named senior vice president-Finance in 1978. He added external affairs to his duties in 1981.
Doerr is a director of United Banks of Colorado and the Mile High United Way. He is a member of the Financial Executives Institute and the Private Sector Council. He is a former director of St. Joseph Hospital and is a former director and treasurer of the National Council of the Better Business Bureaus. He is active in the Mount Olive Lutheran Church.
Doerr graduated from the University of Nebraska in 1950 and later served as an officer in the U.S. Air Force.
U S WEST owns U S WEST Communications and other companies involved in communications, financial services and marketing services.
/CONTACT: Dick MacKnight, 303-793-6559 or Lois Leach, 303-793-6355, of U S WEST/
(USW) CO: U S WEST Inc. ST: Colorado IN: TLS SU: PER SG -- DV007 -- 1817 11/06/91 15:00 EST