Verizon made a surprise annoucement in a U.S. Securities and Exchange Commission filing on Wednesday. Dan Mead, Verizon Communications EVP and CEO of Verizon Wireless, is retiring and Verizon’s EVP in charge of global enterprise and consumer wireline operations John Stratton, has taken over the day-to-day operation of Verizon’s core mobile business in addition to his wireline duties.
Mead, who became [company]Verizon[/company]’s wireless chief in 2010 and is now age 61, isn’t leaving the company before finishing a final housekeeping, item though. In the filing, which was first spotted by Wireless Week, Verizon said Mead has been appointed EVP and President of Strategic Initiatives. His sole responsibility will be overseeing the transfer of Verizon’s wireline networks in California, Florida and Texas to [company]Frontier Communications[/company], a deal announced earlier this month, after which he is expected to retire.
As for Stratton, he isn’t assuming Mead’s full title of President…
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