Verizon Wireless CEO Dan Mead to Retire

[cdmagurus.com]

Dan Mead, who has served as the CEO of Verizon Wireless since 2010, plans to retire according to filings the company made with the Securities and Exchange Commission. Mead will remain on the board of directors and serve as executive vice president and president of strategic initiatives. He'll stay in that role until Verizon Communications finalizes its sale of certain landline and FiOS assets to Frontier Communications. Once that is completed in mid 2016, Mead will retire fully. Mead has been replaced by John Stratton, formerly Verizon's executive vice president and president of Verizon's global enterprise and consumer wireline business. Stratton's new title is executive vice president and president of operations. He'll be in charge of both the wireless and wireline businesses. Both Mead and Stratton report to Verizon Communications CEO Lowell McAdam. AT&T and Sprint have also installed new CEOs in the last six months. Glen Lurie succeeded Ralph de la Vega at AT&T and Marcelo Claure took over for Dan Hesse at Sprint. T-Mobile's John Legere has been serving as CEO since fall 2012.


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