NEW YORK, Sept. 18, 2017 /PRNewswire/ -- Rima Qureshi, former president and CEO of
Ericsson North America, has been
named executive vice president and chief strategy officer for
Verizon Communications Inc. (NYSE, Nasdaq: VZ), effective
Nov. 6.
She will succeed Roy Chestnutt,
who previously announced plans to pursue interests outside Verizon,
and will depart by the end of the year.
Qureshi will report to Chairman and CEO Lowell McAdam and will take over responsibility
for development and implementation of Verizon's overall corporate
strategy, including business development and strategic
investments.
"We thank Roy for his leadership and strategic focus, which have
helped transform Verizon into a major player in next-generation
markets," McAdam said. "The addition of Rima is another
game-changer for Verizon. She's a visionary leader, with a global
perspective and a thorough understanding of our industry and where
it's headed."
Qureshi has extensive experience in successfully managing
various business segments, including strategy, sales, product
management, and research and development. She also has extensive
experience in acquisitions and integration.
Before becoming president and CEO of Ericsson North America in 2016, she was
Ericsson's chief strategy officer and head of mergers and
acquisitions. Her more than two decades of leadership experience in
the mobile communications industry included more than 15 years of
global experience.
Qureshi joined Ericsson in 1993 and was a vice president there
since 2000. In 2010 she was named senior vice president of
Ericsson's CDMA Mobile Systems Group, and she assumed additional
responsibilities as senior vice president of strategic projects in
2013. She also served as chairman of the Ericsson's Northern Europe, Russia and Central
Asia group and chairman of Ericsson's Modem division before
becoming chief strategy officer.
She is currently a board member of MasterCard Incorporated and
Great West Lifeco Inc., and she has significant experience working
with the humanitarian sector and various United Nations agencies.
With both undergraduate and master's degrees from McGill University in Montreal, she is fluent in English and
French.
Chestnutt had joined Verizon in 2011 from Motorola and was
senior vice president – Corporate Strategy before being named chief
strategy officer in 2013.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered
in New York City, has a diverse workforce of 163,400 and
generated nearly $126 billion in 2016 revenues. Verizon
operates America's most reliable wireless network and the nation's
premier all-fiber network, and delivers integrated solutions to
businesses worldwide. Its Oath subsidiary houses more than 50 media
and technology brands that engage about 1 billion people around the
world.
VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media
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Media contact:
Bob
Varettoni
908.559.6388
robert.a.varettoni@verizon.com
Related Links
http://www.verizon.com/
https://www.verizonwireless.com/
http://www.verizonenterprise.com/
http://www.verizon.com/about/
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SOURCE Verizon