DENVER-Qwest Communications International Inc., which relinquished its title as the most embattled telecommunications company to WorldCom this week, reported the resignation of Marilyn Nelson as a director of the company.
Nelson said her decision was made due to increasing demands as chairman, president and chief executive officer of Carlson Companies Inc., a provider of corporate solutions and consumer services in the marketing, travel and hospitality industries.
The announcement came the same day Qwest’s stock price plunged more than 57 percent to $1.79 per share and touched a new 52-week low of $1.20 per share. Analysts said the drop was partially due to investors lumping Qwest in with WorldCom, which Qwest’s new chief executive officer Richard Notebaert said was unfair.
