Monday, 18 June, 2018

Verizon CEO to Retire, Succeeded by a Newcomer

Verizon CEO Lowell McAdam To Retire, With CTO Hans Vestberg Taking Over Verizon names chief technology officer as new CEO
Preston Stone | 09 June, 2018, 20:13

In fact, not long after Verizon announced Vestberg as CEO, it announced that Stratton, executive vice president and president of Global Operations, informed the company of his decision to retire from the company by the end of this year.

Vestberg is stepping into a role that some people thought would be filled by John Stratton, EVP and president of global operations.

Current Verizon CEO, Lowell McAdam, said in an interview it was the ideal time to hand the reins to Vestberg, with Verizon at an "inflection point" holding all the pieces it needs for 5G, such as fibre and spectrum.

Verizon has gained about 40 per cent of its US$202.5 billion market value since McAdam took charge of the company on August 1, 2011. Before joining Verizon, Vestberg served for six years as President and CEO of Ericsson, a multinational networking and telecommunications equipment and services company headquartered in Sweden that provides 35 percent of the world's 2G, 3G and 4G mobile network infrastructures. He previously was CEO at Ericsson before exiting in mid-2016.

Hans Vestberg joined Verizon (NYSE:VZ) as its CTO only one year ago.

MI part of multistate outbreak of Salmonella
The CDC said Walmart and Kroger stores in the affected states had removed pre-cut melon linked to the outbreak from their shelves. To date, 60 people infected with the outbreak strain have been reported in five states, including 32 cases in MI .

The unexpected appointment of Hans Vestberg indicates that Verizon may not acquire a media / content company to rival AT&T.

Taking over the reigns will be Hans Vestberg, who joined the company just past year as Executive Vice President and President of Global Networks and CTO at Verizon. The Justice Department sued to block AT&T from buying CNN's parent company Time Warner (TWX).

Hans Vestberg, according to media reports earlier, was also considered for the CEO position at software giant Microsoft before the US-based technology company finalized Sathya Nadella. McAdam, 64, will serve as executive chairman through his retirement at the end of the year, at which time he will become non-executive chairman. Vestberg was "a better match for where Verizon was going to go", McAdam tells the WSJ.

Verizon has also been touting its upcoming 5G network, which promises to bring faster data speeds to businesses and consumers.

Recommended

  • Simona Halep, Sloane Stephens in French Open women’s final

    Simona Halep, Sloane Stephens in French Open women’s final

    She was the clear favourite previous year as well to beat Ostapenko and (somehow) managed to find a way to lose. Muguruza's last stand came at 4-all in the second set, a 13-minute game in which she held three break points.
    Twin Mirror is the next game from Life is unusual  developers Dontnod

    Twin Mirror is the next game from Life is unusual developers Dontnod

    The game does not now have a set release date at this time, though it is expected to arrive early 2019 on PlayStation 4. But he wakes up in his hotel room to a bloody shirt and lost memory of the night before.
    A Game of Thrones Prequel Is Officially Happening

    A Game of Thrones Prequel Is Officially Happening

    "The series chronicles the world's descent from the golden Age of Heroes into its darkest hour", the show's logline reads. Goldman also wrote the screenplay for Disney's live action version of " The Little Mermaid ", which is now in development.
  • Celebrity chef Anthony Bourdain kills himself

    Celebrity chef Anthony Bourdain kills himself

    As president, Barack Obama sat down for some bun cha in Hanoi, Vietnam, with Bourdain in an episode of " Parts Unknown " in 2016. Anthony Bourdain's girlfriend Asia Argento posted a head-scratching image on social media mere hours before he died by suicide .
    CM Punk Leaves the Door Open for Pro Wrestling Return

    CM Punk Leaves the Door Open for Pro Wrestling Return

    But there are only 24 hours in any given day, especially when you're in the middle of a multi-million dollar defamation lawsuit. The feelings have been so bad in fact, that CM Punk's love of wrestling seems to have deteriorated all together.
    Watson congratulates Ford and new PC Government

    Watson congratulates Ford and new PC Government

    Ford spent most of his career running the family label business, and also served a term on Toronto's city council. The Conservatives, who last ruled in 2003, have a history of deficit reduction while cutting spending and taxes.
  • Lava from Hawaii's Kilauea volcano creates new coastline

    Lava from Hawaii's Kilauea volcano creates new coastline

    The destruction of Vacationland was triggered by a 5.6 magnitude natural disaster that hit the summit of the Kilauea volcano . The lava is "enough to cover Manhattan 6.5 feet deep" and fill 11.3 million average dump trucks, it said.
    What to do if you suspect someone is suicidal

    What to do if you suspect someone is suicidal

    Researchers found that more than half - 54 percent - of people who died by suicide did not have a known mental health condition. However, data shows more Nevadans under the age of 18 committed suicide this year already, compared to all of last year.
    Kate Spade Laughs, Jokes With Husband in One of Her Final Interviews

    Kate Spade Laughs, Jokes With Husband in One of Her Final Interviews

    While she says she's troubled by the recent high profile suicides, she is thrilled that people are now talking about the problem. These high-profile deaths come the same week the CDC reported suicide rates in the USA have risen almost 30 percent since 1999.
  • David and Victoria Beckham marriage in pictures

    David and Victoria Beckham marriage in pictures

    Victoria's representative denied the rumour telling Harper's Bazaar , "This is nonsense ", when asked about the claims. In addition to their daughter, Harper , they share three other children: Brooklyn , 19, Romeo , 15, and Cruz , 13.
    LeBron can’t save himself, so he’ll leave Cleveland after losing NBA Finals

    LeBron can’t save himself, so he’ll leave Cleveland after losing NBA Finals

    His eighth appearance in a row didn't go well either, and now there's uncertainty where the superstar will play next. Cleveland has battled back from an 11-point deficit to regain the lead in Game 4 of the NBA Finals.
    Just Cause 4 confirmed thanks to Steam leak

    Just Cause 4 confirmed thanks to Steam leak

    It seems we can add Just Cause 4 to that list, assuming Valve isn't straight up trolling us here. We can also confirm one other game that will be making an appearance this year: Just Cause 4.

Secret Obama-era license let Iran tap dollars Secret Obama-era license let Iran tap dollars USA sanctions block Iran from exchanging the money on its own. "He explained OFAC would only take action in egregious situations". They warned that unless Tehran was willing to give up more , the US shouldn't give Iran anything more than it already had.

Trump signs law to expand veterans' private health care options Trump signs law to expand veterans' private health care options He is casting a bill that he signed into law Wednesday as an immediate cure-all to long wait times for medical treatment. The tension over how to pay for the legislation is part of a larger debate over private care for veterans.

US reaches deal with China's ZTE, says Wilbur Ross US reaches deal with China's ZTE, says Wilbur Ross The company will also need to put $400 million into escrow, money that will be reserved in case ZTE violates the new agreement . ZTE also wanted to be more present in the American smartphone market, but the April shutdown had complicated that plan.

Could this be LeBron James’ final home game in Cleveland? Could this be LeBron James’ final home game in Cleveland? That means the Warriors get two chances to bring on an early summer: If they lose Game 4, they'll play host to Game 5 on June 11. Months of weight will lifted off him once the Warriors , who haven't lost four straight games since 2013, are crowned again.

England vs Costa Rica: Rashford, Welbeck seal win for Three Lions England vs Costa Rica: Rashford, Welbeck seal win for Three Lions Of England's chances in Russian Federation , he added: "Gareth has a great group of players there". But if it means seeing more goals like that of Rashford's tonight, then I'm all for it.

Trump ramps up Twitter criticism of Canada ahead of G7 getting underway Trump ramps up Twitter criticism of Canada ahead of G7 getting underway For its part, Russian Federation allows China to show the U.S. that it has "other options" in worldwide negotiations, she said. Trump said at the White House just before departing. "We are not going to live with the deals the way they are", Trump said.

Chinese hackers 'steal U.S. navy data on undersea warfare and supersonic missiles' Chinese hackers 'steal U.S.  navy data on undersea warfare and supersonic missiles' Investigators told the Post that the Chinese Ministry of State Security, a civilian spy agency, carried out the hack. The Navy is investigating the breach along with the Federal Bureau of Investigation, according to the Post .

Mayweather Becomes Highest-Paid Athlete With $275m A Night Mayweather Becomes Highest-Paid Athlete With $275m A Night The latest list features athletes from 11 different sports, with basketball leading the way with 40 contenders. That stems largely from his fight in August with UFC fighter Conor McGregor .

New Zealand women post new ODI record total of 490 New Zealand women post new ODI record total of 490 New Zealand women's cricket team on Friday created history as they posted 490/4 in their allotted 50 overs against Ireland. Ireland leg-spinner Cara Murray conceded the most runs ever in a ODI by taking two wickets for 119 runs.

The Earliest Animal Fossil Footprint Record The tracks are actually older than any fossil of a creature with legs, so scientists are puzzled by what created the footprints. That's hundreds of millions of years before dinosaurs started roaming Earth , about 245 million years ago.

Flying car startup backed by Google founder offers test flights Flying car startup backed by Google founder offers test flights Landing skids enable takeoff from land but are presumably designed for floatation, as the Flyer is meant to be used above water. On its website , Kitty Hawk says the plan is to offer the aircraft as "part of a service similar to an airline or a rideshare".

Hilary Duff Pregnant, Expecting First Child With Matthew Koma Hilary Duff Pregnant, Expecting First Child With Matthew Koma She wore a long fitted dress, giving a peek of the tiny beginnings of her baby bump. The Houston, Texas native has one son, Luca (6) with her ex-husband, Mike Comrie .

Del Potro directs frustration at Paris spectator Del Potro directs frustration at Paris spectator His appetite was audible in the long, trailing groans of effort that echoed around the old concrete stadium. Charmingly, despite Nadal's accomplishments, he's still prone to nerves when he steps on center court here.

Sonos Details New Beam Smart Sound Bar with Amazon Alexa Sonos Details New Beam Smart Sound Bar with Amazon Alexa But looking at the design and Sonos's claims for sound and compatibility, the case for picking the Beam is surprisingly strong. Unfortunately, the company still isn't providing a firm launch date for Google Assistant other than "later this year".

Former head of Cambridge Analytica to testify | AP business Former head of Cambridge Analytica to testify | AP business Nix accepts the role of Cambridge Analytica in the Trump campaign but not in the Leave campaign. He said: "I wasn't aware of it, I didn't know that Britanny Kaiser had been to the embassy".