Verizon reorganizes executives; CFO, CEO, COO positions shuffled
Verizon reorganizes executives; CFO, CEO, COO positions shuffled
Today, Verizon announced a top-level, executive-role shuffle to the general public. Beginning on October 1, Dan Mead, current executive vice president and COO of Verizon Wireless, will assume the role of president and CEO of Verizon Wireless. Lowell McAdam, who is currently in the VZW president and CEO role, will move to president and COO of Verizon Communications, effective October 1. Current president of Verizon Telecom and Business, Francis J. Shammo, will become the executive vice president and CFO of Verizon Communications, effective November 1. The company also announced that John G. Stratton, current chief marketing officer at VZW, will succeed Mead as CEO. The moves made by Verizon solidify the company’s top executive positions, as several executives –including current Verizon EVP and CFO John Killian — are expected to retire at the end of this year. We’ve got the full press release ready for you after the break. More →
