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Qwest CEO says he will retire

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From Times Wire Services

Richard Notebaert announced plans to retire as chairman and chief executive of Qwest Communications International Inc.

Notebaert, 59, said he would leave the Denver-based telecommunications company after the board of directors selects a replacement. He is the third top-ranking Qwest executive to announce plans to leave this year.

Qwest shares fell 81 cents, or 8%, to $9.36.

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