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Verizon's New CEO Takes Over Starting Today

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Aug 1, 2018, 7:44 AM by Eric M. Zeman

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.

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