Verizon Communications Inc. (VZ) has named Hans E. Vestberg as the successor of Lowell C. McAdam for the role of Chief Executive Officer, with effect from August 1, 2018. Vestberg is currently EVP and President of Global Networks and Chief Technology Officer. McAdam will serve as Executive Chairman of the Board through his retirement at the end of the year, following which he will become Non-Executive Chairman.
Hans Vestberg has previously worked at Ericsson as President and CEO. He was also a founding member of the International Telecommunications Union (ITU) Broadband Commission for Digital Development.
Vestberg said, “I am humbled to be appointed CEO of Verizon at such an exciting and dynamic time for our company and industry. We are experiencing unprecedented changes in the way users interact in the digital world, and we are racing ahead to remain at the forefront of technology, connectivity, and mobility. I look forward to building on this momentum while continuing to focus on strengthening our customer relationships, and driving growth and profitability throughout the business to deliver long-term value.”
Most Popular
DG Earnings Preview: What to look for when Dollar General reports Q3 results
Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains
Dollar Tree (DLTR): A few points to note about the discount retailer’s Q3 performance
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not
KR Earnings: Key quarterly highlights from Kroger’s Q3 2023 financial results
The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales
