Verizon Communications has named Lowell McAdam as its new president and chief operating officer--a significant step along the path to succeed longtime CEO and Chairman Ivan Seidenberg.
McAdam, currently president and CEO of Verizon Wireless, will become responsible for the operations of Verizon Wireless, Verizon Telecom and Business, and Verizon Services Operations. McAdam, who is 56, will start his new job on October 1 and will report directly to Seidenberg.
The naming of McAdam as president and COO fills a job left empty after Dennis Strigl retired last year. More importantly, McAdam now becomes the logical candidate for the role … Read more