Verizon today announced several changes to its executive roster in preparation for CEO Ivan Seidenberg’s retirement. The company named Lowell McAdam (pictured to the right alongside Google CEO Eric Schmidt), current president and CEO of Verizon Wireless, as Verizon’s new president and COO.
The move puts McAdam in charge of operations for Verizon Wireless, Verizon Telecom and Business, and Verizon Services Operations.
The company also named Francis Shammo, president of Verizon Telecom and Business, as executive vice president and CFO of Verizon. Verizon Wireless COO and executive vice president Daniel Mead will succeed McAdam as CEO of the wireless division. Finally, John Stratton, currently CMO for Verizon Wireless, will replace Mead as wireless COO.
McAdam was named CEO of Verizon Wireless in 2007 and is largely credited with the carrier’s recent success as a premier provider of Android phones. Perhaps most importantly, he made the carrier desirable among consumers even though it lacked Apple’s iPhone. He also served as COO for Verizon Wireless since 2000.
Given his success in the wireless division, McAdam seems like a good choice to steer Verizon. In particular, he could help Verizon to better sell innovative services, like its “FiOS” fiber television and internet offerings, which could stand to find a bigger audience among consumers and businesses.
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