Verizon on Friday announced that Hans Vestberg, EVP and President of Global Networks and CTO will succeed current CEO Lowell McAdam on August 1, 2018.
Lowell McAdam to serve as Executive Chairman of the Board through end of 2018 and as Non-Executive Chairman thereafter.
Vestberg, formerly the CEO of Ericsson joined Verizon in 2017 to further develop the architecture for Verizon’s fiber-centric networks, including the country’s leading 4G LTE network and the first 5G deployment in the U.S.
I am humbled to be appointed CEO of @Verizon at such an exciting and dynamic time for our company and industry. I have come to understand how special the Verizon culture is and it is why I’m so excited to lead the company forward as CEO. pic.twitter.com/ogYvDdyCkj
— Hans Vestberg (@HansVestberg_) June 8, 2018
Lowell McAdam, CEO, Verizon
Hans is an energizing force who will continue to position Verizon to lead the Fourth Industrial Revolution – the emergence of technologies that blend the physical and the digital to create historic breakthroughs in connectivity and mobility.
Vestberg, In-coming CEO, Verizon
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. To know Lowell is to be inspired by his vision for Verizon’s role in shaping the future.
