Verizon to Shuffle Business Units Ahead of 5G Launch
Verizon today announced plans to reorganize its internal business structure to reflect its jump into the 5G era. Moving forward, the company will have three major business groups that are all tied together by its network. The new Verizon Consumer Group will center on running Verizon's wireless and wireline businesses for consumers, while the Verizon Business Group will do the same for Verizon's small, medium, and large business customers. The Business Group also contains Verizon's telematics business. These two organizations will be run by Ronan Dunne and Tami Erwin, respectively. Verizon Media Group, the company's Oath brand, ties together media, advertising, and technology through a collection of web sites. Oath will be led by Guru Gowrappan. Last, Verizon's global Network & Technology organization will serve all company operations by deploying and maintaining the company's wireless and wireline services. This group will be led by Kyle Malady. The top-level executives will not change. Verizon says its new structure will go into effect January 1, 2019.
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