Verizon's New CEO Takes Over Starting Today
Hans Vestberg has assumed the role of Verizon's CEO, replacing long-time leader Lowell McAdam. The company announced the change in June. McAdam will remain with the company as Executive Chairman of the Board through the end of the year, and then transition to a non-executive Chairman role in 2019. Hans Vestberg, who previously served as the company's Executive Vice President, President of Global Networks, and Chief Technology Officer, takes on the top spot at Verizon. Vestberg has played a large role in developing the architecture for Verizon's fiber-centric networks, including its LTE 4G service and forthcoming 5G service. Vestberg previously worked for Ericsson. In June, 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." Vestberg has spent the past month in the field at Verizon locations learning the day-to-day activities of its employees.
Apr 29, 2018
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology.
Jun 8, 2018
Verizon Communications today said long-serving Lowell McAdam will vacate his position as CEO on August 1. He will remain with the company as Executive Chairman of the Board through the end of the year, and then transition to a Non-executive Chairman role in 2019.
May 15, 2018
Verizon Wireless CEO Lowell McAdam today indicated that Los Angeles will be one of the carrier's first 5G markets, and that it will launch during the fourth quarter of the year. 5G is "a lot closer than people think," said McAdam.
Dec 22, 2017
Alphabet Executive Chairman Eric Schmidt this week said he plans to step down from his leadership role on the company's board and will instead serve as a technical advisor to the company. "Larry, Sergey, Sundar and I all believe that the time is right in Alphabet’s evolution for this transition.