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Verizon Aligns Enterprise Operations From Across Company Into New Global Organization
Company Veteran John Stratton Named President of Verizon Enterprise SolutionsNews Release
NEW YORK – December 14, 2011 –
In a move that will even more strongly enable it to provide business and government customers with fully integrated enterprise-class solutions, Verizon today announced the creation of a new global organization that will oversee all business, government and wholesale operations from across the company's wireless and wireline businesses.
John Stratton, previously executive vice president and chief operating officer of Verizon Wireless, has been named president of the new organization, to be called Verizon Enterprise Solutions.
The new organization will oversee all of Verizon's solutions for business and government customers, including its portfolio of enterprise mobility, cloud and IT, strategic networking and advanced communications offerings, as well as specialized solutions for key industries such as health care, travel and transportation, retail, utilities and financial services, and IT consulting services. Additionally, Verizon Enterprise Solutions will include the company's full range of global wholesale offerings.
"Enterprise and government customers are looking for complete solutions. By aligning our efforts, we will be uniquely positioned to meet business customer needs," said Lowell McAdam, Verizon president and chief executive officer. "We know that the intersection of mobility, cloud computing and security will drive a revolution in enterprise IT over the next ten years. This change will allow us to leverage all of our technology assets to take advantage of growth opportunities around the world."
Proven Leader, Strong Global Team
As COO of Verizon Wireless, Stratton had responsibility for the company's nationwide operations and delivery of industry-leading performance for consumer, business and government customers. An 18-year company veteran, Stratton also has served in top marketing roles for both Verizon Wireless and Verizon Communications, as well as in a variety of senior sales and operations positions. Prior to joining Verizon, Stratton held several senior management positions in the consumer electronics industry. He is a graduate of the Advanced Management Program at the Harvard Business School.
Stratton will lead a strong team of experienced executives from across Verizon, including:
Bob Toohey will serve as chief operating officer. Toohey, who served previously as president of Verizon Business, will lead all global sales and operations functions, providing enterprise and government customers with advanced industry solutions.
Mike Millegan will continue to serve as global president - Wholesale, with responsibility for the company's global wholesale strategy and business operations.
Ajay Waghray, currently chief information officer of Verizon Wireless, will serve as CIO and lead all IT initiatives.
Kerry Bailey, currently group president of Verizon's Terremark IT solutions arm, will serve as the chief marketing officer.
Added McAdam: "This new management team will build on Verizon's strength in enterprise and government markets to even more effectively give customers what they want - one team to provide comprehensive, integrated solutions that will help generate growth and drive business innovation."
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with more than 107 million total connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500. A Dow 30 company with $106.6 billion in 2010 revenues, Verizon employs a diverse workforce of more than 195,000. For more information, visit www.verizon.com.
Peter Lucht, 617-743-6809