Gerke Gets Embarq Temp. CEO Spot

Embarq Corp. (NYSE: EQ) has named Lead Director Bill Owens as non-executive chairman and General Counsel Tom A. Gerke as interim chief executive officer. They replaced Dan Hesse, who also resigned as president of the Overland Park, Kan.-based company. Hesse is joining Sprint Nextel's president and chief executive. Bill Owens is managing director, chairman and chief executive of AEA Holdings Asia, a private equity fund.