Current Amazon CFO: Brian Olsavsky, Chief Financial Officer, Senior Vice President
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Cramer has extended an open invitation for the VZ CEO to be interviewed on the nightly evening CNBC 6 PM/ET, for the Executive Decision segment. Thus far no response by/from Corporate VZ.
Its CNBC and Cramer's affinity and affiliation. By the war Cramer is thumbs down on VZ generalized VZ as rubbish!!!!
And that outsider being the failed CEO of a telecom wireless parts supplier. Whoever picked him must rely on MSNBC Cramers for stock picks too!
Remember the last time Verizon hired an outsider first to an EVP position and then promoted him to CEO, rather than a long-term insider? Remember how that turned out?
Oh, wait....
I always liked Tony and worked with him in the early days.
Elon Musk, Tim Cook, Mark Zuckerberg, Jeff Bezos…shoot even Bill Gates for that matter.
@1dra+1n55qFWw I totally agree and I don’t even know who you are. When the business is at rock bottom you can only go up.
F it, put me in charge. I can’t do any worse.
I feel like the article is a bit misleading. I took Gerace's comment to be, in general any executive we'd hire we'd want to be able to step in to a CEO role. I think that's probably true for the COO, CMO, Business unit VP's etc.
I don't doubt that a succession plan is underway, but I think it is unfair for the WSJ Ito characterize it as 'The CFO will be the next CEO'.
@1bmt+1n55qFWw you are what is wrong with this country and company. Color really is skin deep. Dividing people by race, creed and color is what has weakened this company. There is no V Team, but the South Asian V Team, The Women's V Team, The Asian Women's V Team, The G-y V Team.....
Dial tone and Internet connections have nothing to do with how you look, how you pray, or which bathroom you use. That thinking is why we are where we are.
All inside hookups and backdoor deals watch another white man or indian become ceo that's the hard truth. You had me watch a video on implicit bias only to do the same thing and make zero changes
If they are looking for a finance guy, if he still has the fire, bring back Fran Shammo as CEO.
WSJ: Verizon Is Searching for a Finance Chief Who Could Become CEO
Telecom giant taps search firm to find ‘CFO Plus,’ who would be candidate to succeed CEO Hans Vestberg.
The company is working with executive recruiting and advisory firm Spencer Stuart, some of the people said.
Current CEO Hans Vestberg, who is also Verizon’s chairman, is actively involved in the CFO search along with members of the board, the people said, and there are multiple candidates still under consideration.
“Of course, any person that we’re looking for a senior position at Verizon, we would look for that person to potentially go higher,” spokesman Jim Gerace said.
Verizon’s shares have fallen about 28% over the past year, compared with a roughly 15% gain in the S&P 500 index.
Verizon ended the first quarter with 127,000 fewer postpaid phone connections—contract-based subscriptions that cellphone carriers value for their dependable revenue—due to losses in its consumer division. That unit has shed connections during four of the past five quarters.
Vestberg has been Verizon’s CEO for nearly five years. He previously ran Swedish equipment maker Ericsson AB, a major Verizon supplier, before a profit slump spurred his ouster in 2016. The U.S. telecom company hired him to run its technology operations the next year and he ascended to the corner office in 2018.
Finance and Engineering have been spot on, but Strategy, Products, Marketing, and Sales have been lost because they keep trying to be everything but telecom. We need 'team' players again, not some Woke, broke, divisive social justice nonsense. People use our products to communicate and entertain each other and are willing to pay us well to do it. Isn't that s-exy enough? Certainly seems to be for T-Mobile.
There is light at the end of the tunnel. The BOD has - finally - been embarrassed into making the change. I think it is telling that they want the next CEO to have a Finance background. i.e. Control costs v. Innovate and Grow.
Anyone have thoughts on by when Hans would be out?
Tony is an old-timer part of Fran's and Mike's circle of friends. Nice guy. Looks the part but is neither a leader nor fast on his feet. Tony likes to be liked.
VZ CEO's moat busted and still more busting to come in the very near future.
Another EVP booted out. Lost count? Still an excess of EVP's & SVPs, at VZ.
Anthony Skiadas, how long on the job at VZ, not that long??
Tony does not have the chops for his job, and Hans has clearly shown that he has no idea what he is doing apart from jumping around shouting 5Yeee 5Yeee! Scamparth is proof of the truth of the Peter Principle and it would appear that the pension funds and insurance companies have had enough.
Maybe some light at the end of the tunnel, although personally I'd prefer the just fire Hans rather than letting him have any input on picking his successor.
Carolina Dybeck Happe is Senior Vice President and Chief Financial Officer of GE as of March 2020.
In this role, she is responsible for leading GE's overall financial activities and global finance organization, including accounting and controllership, financial planning and analysis, tax, investor relations, internal audit and treasury. She also leads the core Digital Technology function and serves as an executive sponsor of GE’s women’s network.
https://finance.yahoo.com/news/verizon-searching-finance-chief-potential-160701054.html