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Verizon Creates New Corporate Operating Structure, Hires Former Ericsson CEO To Lead Network Business

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The telecommunications giant will now have three business units: Media and Telematics, Network and Technology, and Customer and Product Operations.
Verizon is restructuring to focus on three areas; Media and Telematics, Network and Technology, and Customer and Product Operations, the telecommunications giant said Friday.
The company also said it has hired former Ericsson CEO Hans Vestberg to head up the Network and Technology operations.
Continuing to report to CEO Lowell McAdam is Marni Walden as executive vice president for Media and Telematics, and John Stratton as executive vice president for Customer and Product Operations.

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