8chan/8kun QResearch Posts (1)
#1982567 at 2018-07-01 12:28:00 (UTC+1)
Q Research General #2500: (You)'re the Reason God Made Oklahoma Edition
>>1982482
yes, lots going on with Verizon and interesting dates
Vestberg, the company's chief technology officer, will succeed Lowell McAdam, who has been CEO since August 2011. He joined the company last year and was viewed as a potential successor to McAdam, along with two executives who had risen through Verizon's ranks: Marni Walden, Verizon's head of media, and John Stratton, president of global operations. Walden left the company earlier this year, and Verizon said on Friday that Stratton would retire by the end of 2018.
"They picked an outsider with a little bit more new experience compared to John Stratton, who has been nurtured and groomed for this position for 20 years," said Roger Entner, an analyst at Recon Analytics.
He added, "I think this is a logical culmination of a strategy for the last five, six, seven years of Lowell and Verizon in general bringing in more and more people from the outside."
Verizon's chief marketing officer Diego Scotti, who joined the company in 2014, came from the retailer J. Crew. Ronan Dunne, who some industry insiders also saw as a potential successor to McAdam, became president of Verizon Wireless after serving as CEO of Telefonica UK. And CFO Matthew Ellis started at Verizon in 2013 after more than a decade at Tyson Foods.
Verizon has reason to make big changes. It has been facing more competition for subscribers in a saturated market for U.S. wireless subscribers where most people already have cell phone service.
The company and its No. 2 rival AT&T have pursued different strategies in search of growth. AT&T is trying to distinguish itself through ownership of content with an $85 billion acquisition of Time Warner, which owns channels such as HBO and CNN. At the Code conference in May, AT&T CEO Randall Stephenson said that he feels the company needs to pursue a vertically integrated strategy, incorporating both content and distribution, to remain relevant against tech giants with multifaceted businesses such as Amazon, Google and Microsoft.
https://www.cnbc.com/2018/06/08/verizons-ceo-pick-shows-the-company-is-banking-on-5g-over-content.html