A Verizon reorganization announced today divides the company into three areas in anticipation of the rollout of 5G services. The three areas are: consumer, business and Verizon Media Group/Oath.
The changes will take effect at the beginning of the year, with new financial reporting reflecting the new business structure to start in the second quarter of 2019. While there are some management changes, with leaders designated for each of the three business lines, the company said that there would be no changes in leadership for company-wide staff functions.
Ronan Dunne, currently executive vice president and president of Verizon Wireless, will lead the Verizon Consumer Group, which include the consumer segment for the company’s wireless and wireline businesses, including wireless wholesale.
Heading up the Verizon Business Group will be Tami Erwin, currently executive vice president of wireless operations. The business group will include the wireless and wireline enterprise, small and medium business, and government businesses, as well as wireline wholesale and Verizon Connect, the company’s telematics business.
Guru Gowrappan, who was previously announced as Oath CEO, will lead Verizon Media Group/Oath, which will help people access and receive media, entertainment, gaming, news, commerce and other services.
In addition to the heads of these three areas, the company announced that Kyle Malady, currently chief network operations office and chief technology officer, will head up Verizon’s global network and technology organization, which will support all company operations.
“This new structure reflects a clear strategy that starts with Verizon customers,” said Verizon CEO Hans Vestberg, in a prepared statement. “We’re building on our network transformation efforts and the Intelligent Edge architecture to deliver new customer experiences and optimize the growth opportunities we see as leaders in the 5G era. We’re focused on how our technology can benefit customers’ lives and society at large.”