Verizon Business Furthers Global Growth Strategy With New Leadership Structure

Rhea-AI Summary

Verizon Business has restructured its leadership team, effective August 2022, to enhance its capacity for digital transformation and meet growing demand for 5G solutions. The revised team, led by CEO Sampath Sowmyanarayan, aims to accelerate growth by leveraging existing strengths. New appointments include Aparna Khurjekar as Chief Revenue Officer for Business Markets, and Jennifer Artley as Senior Vice President for 5G Acceleration. This strategic shift is designed to strengthen Verizon's position as a market leader and ensure it effectively serves its global customer base.

Positive

• Restructured leadership to enhance operational efficiency and meet evolving customer needs.
• New leadership appointments aimed at accelerating 5G adoption and business transformation.
• Strengthening competitive positioning in the rapidly evolving digital landscape.

Negative

• None.

New leadership team dedicated to company’s mission of excellence, innovation and helping to drive customers’ critical digital transformations in 2023 and beyond

BASKING RIDGE, N.J., Sept. 08, 2022 (GLOBE NEWSWIRE) -- Verizon Business today announced new and streamlined roles of its management team that went into effect late last month. This new structure supports the organization’s mission of delivering best-in-class solutions and services, and addressing the rapidly accelerating demand for 5G solutions that power business transformation needs of the company’s key stakeholders throughout the world.

“The gap in the global competitive landscape is tightening and the demands of business customers are rapidly evolving and growing,” said Sampath Sowmyanarayan, CEO, Verizon Business. “Continuing our momentum as a market leader and maker, we assembled this new leadership structure to capitalize on our strengths and accelerate our business, and that of our customers, in ways previously not thought possible.”

These changes, centered around accelerated growth, include the following executives reporting to Sampath Sowmyanarayan, CEO, Verizon Business:

• Aparna Khurjekar: new Chief Revenue Officer of Business Markets and SaaS with Connect and BlueJeans.
• Massimo Peselli: new Chief Revenue Officer of Global Enterprise and Public Sector.
• Jennifer Artley: Senior Vice President, 5G Acceleration, leading the newly created team fully dedicated to 5G adoption and monetization.
• Eric Cevis: continues to lead the Partner Solutions-Global Wholesale team.
• Iris Meijer: continues to lead the Marketing & Revenue Operations team.
• Debika Bhattacharya: continues to lead our Product organization.
• Genia Wilbourn: joins the Verizon Business team from Global Network & Technology as the Global Customer Operations leader.
• Chris Bartlett: joins Verizon Business from the Corporate Finance team as Chief Financial Officer and head of business strategy, planning and transformation.

Additionally, Sanjiv Gossain joined Verizon this summer to lead Verizon Business in Europe, Middle East and Africa (EMEA), reporting to Massimo Peselli. Sanjiv joins from Cognizant, where he led their digital business across Europe.

Verizon Business is the organization that businesses around the globe of all sizes, and across industries, look to when they want to transform the way they operate, accelerate growth, and reimagine their future. With the goal of driving industries forward, and changing the way the world lives, works, and plays, Verizon continues to be the global business partner of choice and the network America relies on.

About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $133.6 billion in 2021. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Kyle Ragonese
732-236-3526
Kyle.ragonese@verizon.com

FAQ

What changes were made to Verizon Business's leadership team in September 2022?

Verizon Business announced a new leadership structure in September 2022 to enhance its focus on customer digital transformations and accelerate growth, with new appointments including Chief Revenue Officers and Senior Vice President for 5G.

Who is the CEO of Verizon Business and what did he say about the new leadership structure?

Sampath Sowmyanarayan is the CEO of Verizon Business. He stated that the new leadership structure aims to capitalize on the company's strengths and accelerate business growth.

What is the goal of Verizon Business's leadership restructuring?

The goal of the restructuring is to deliver best-in-class solutions that meet the rapidly growing demand for 5G and support business transformations for customers globally.

How does Verizon Business plan to address the growing demand for 5G solutions?

Verizon Business plans to address the growing demand for 5G by forming a dedicated team focused on 5G adoption and monetization, under the leadership of Jennifer Artley.