There are rumblings within the ranks of Verizon Communications Inc. (NASDAQ: VZ), The company today announced that Manon Brouillette will be stepping down from her role CEO of Verizon Consumer Group.
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erizon Consumer Group was formed in January 2019 in an organizational transformation designed along customer-facing functions instead of its traditional technology-silo structure. Along with Verizon Business Group, Verizon’s Consumer Group is delivering new, best-in-class customer experiences on Verizon’s leading 4G, 5G and fiber optic networks.
Verizon Chairman and CEO Hans Vestberg, who has assumed responsibility for leading the Consumer Group in addition to his day-to-day responsibilities said, “We thank Manon for her service to our customers and her contribution to Verizon Consumer Group. My immediate focus for the Consumer Group will be on driving a closer consistency between the top-quality network product we’re bringing to market and the operational results we’re producing.”
Verizon Communications Inc. was formed on June 30, 2000, and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $133.6 billion in 2021. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.
VZ shares scaled back 58 cents, or 1.5%, to $37.60.
